Copper Contract Prices Rebounded, Economic Data Shows US Economy Still Resilient

Th05 26, 2023, at 1:40 pm
SMM

LME copper prices closed at $7,990/mt last evening, up 1.25%. Trading volume was 18,000 lots and open interest stood at 259,000 lots. The most active SHFE 2307 copper contract finished at 63,660 yuan/mt overnight, up 0.63%. Trading volume was 74,000 lots and open interest stood at 213,000 lots. On the macro front, U.S. data released last night showed that the economy remains resilient even amid the Fed’s aggressive rate hike cycle, and the U.S. dollar index rose.

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SMM • 3 năm trước
SMM Morning Comments (May 26): Base Metals Closed Mostly with Gains but Zinc Plunges to over 2-Year Low, Economic Data Shows US Economy Still Resilient
Tiếp theo
SMM • 3 năm trước
SMM Daily Comments (May 26): SHFE and LME Base Metals Rose across the Board, Aluminium Soared, Iron Ore Skyrocketed, Russia Takes Opposite View against Saudi Arabia

Copper Contract Prices Rebounded, Economic Data Shows US Economy Still Resilient

SMM Morning Comments (May 26): Base Metals Closed Mostly with Gains but Zinc Plunges to over 2-Year Low, Economic Data Shows US Economy Still Resilient

SMM Daily Comments (May 26): SHFE and LME Base Metals Rose across the Board, Aluminium Soared, Iron Ore Skyrocketed, Russia Takes Opposite View against Saudi Arabia