SMM Morning Comment For SHFE Base Metals On Apr 26
LME copper prices opened at $9902/mt and closed at $9900/mt last evening, up 1.12%, with the highest of $9958/mt and the lowest of $9736/mt.
SHFE zinc opened high and moved lower [SMM zinc morning comment]
The annualized quarterly rate of U.S. GDP in the first quarter was significantly lower than expected; Goolsbee: The Federal Reserve must "readjust" its policy; Japanese media: The Bank of Japan will consider taking measures to reduce its purchases of government bonds;
SMM Lead Morning Comment: SHFE and LME lead prices closed higher
LME lead opened at $2200/mt last evening and rose by 0.34% to close at $2210/mt, with the lowest point at $2186.5/mt and the highest point at $2219/mt.
Market concerns remained, copper prices rose overnight [SMM copper morning comment]
LME copper prices opened at $9902/mt and closed at $9900/mt last evening, up 1.12%, with the highest of $9958/mt and the lowest of $9736/mt. Trading volume was 28,000 lots, and open interest stood at 332,000 lots.
SMM Tin Market Morning Comment (Apr 26)
Overnight, SHFE 2405 tin contract moved downwards after opening higher, closing at 260,350 yuan/mt, up 2.09%.