• 08/08/2022 9:22 pm

Copper: The most-traded SHFE 2009 copper contract climbed to an intraday high of 50,390 yuan/mt after opening, and closed 0.97% lower at 51,800 yuan/mt. The US weekly jobless claims jumped back above 1 million, leading to an unsteady recovery in employment and raising concern about the state of the economy. Domestic copper consumption is now in a low season, and consumer demand and fundamental support for copper prices are weakening. Whether the contract could maintain its upward trend will come under scrutiny tonight.

Aluminium: The most-liquid SHFE 2009 aluminium contract ended the day unchanged at 14,710 yuan/mt. Open interest fell 336 lots to 113,000 lots. The shift of open interests and inventories of aluminium ingot next week will be monitored.

Zinc: The most-active SHFE 2009 contract finished the day 0.72% lower at 20,060 yuan/mt. Open interest grew 3,582 lots to 101,000 lots. The contract is expected to fluctuate on high platform above five-day moving average tonight.

Nickel: The most-traded SHFE 2010 nickel contract slid to an intraday low of 114,750 yuan/mt, before finishing the day 0.59% lower at 115,350 yuan/mt. Open interest increased 3,691 lots to 80,105 lots. The contract is expected to fluctuate between 113000-117500 yuan/mt.

Lead: The most-active SHFE 2009 lead contract fell to an intraday low of 15,955 yuan/mt in morning trading, and finished the day 0.84% lower at 16,030 yuan/mt. Open interest increased 1,557 lots to 23,538 lots. The contract is expected to fluctuate around 16,000 yuan/mt in the near term.

Tin: The most-traded SHFE 2010 tin contract close up 0.41% at 143,870 yuan/mt, before climbing to an intraday high of 144,360 yuan/mt. The contract is expected to move below20-day moving average of 145,000 yuan/mt.


For Ragular Update Visit Our Site.

                                  Click Link Below.




9:30 Live

Leave a Reply

Your email address will not be published.