SMM Morning Comment For SHFE Base Metals On Apr 24
LME copper prices opened at $9672.5/mt and closed at $9728/mt overnight, down 1.27%, with the highest of $9735/mt and the lowest of $9627/mt.
SHFE zinc weakened amid sluggish downstream demand [SMM zinc morning comment]
LME zinc opened at $2825/mt yesterday evening, and hit a high of $2827.5/mt before falling back to $2758/mt, and closed at $2790/mt, a decrease of $36.5/mt or 1.29%. Trading volume increased to 10641 lots, and open interest grew 2068 lots to 245,000 lots.
SHFE and LME lead prices closed higher overnight [SMM lead morning comment]
LME lead opened at $2164/mt last evening and rose by 1.11% to close at $2184/mt, with the lowest point at $2141/mt and the highest point at $2192/mt.
LME copper prices opened at $9672.5/mt and closed at $9728/mt overnight, down 1.27%, with the highest of $9735/mt and the lowest of $9627/mt.
SMM Tin Market Morning Comment (Apr 24)
SHFE 2405 tin contract rebounded slightly after opening lower and traded around 252,000 yuan/mt, closing at 252,890 yuan/mt, down 4.71%.