BASE METAL NEWS UPDATED BY ROYAL TRADERS

Live News Update

Improvement in risk appetite supports SHFE base metals prices; Cu up 0.7%

Base metals traded on the Shanghai Futures Exchange were all up during morning trading on Monday April 15, supported by an improvement in risk appetite following better-than-expected monetary data from China.

The most-traded June copper contract on the SHFE stood at 49,640 yuan ($7,403) per tonne as at 10.10am Shanghai time, up by 360 yuan per tonne or 0.7% compared with Friday’s close of 49,280 yuan per tonne.

Better-than-expected monetary data from China on Friday spurred a broad improvement in risk appetite across markets, with this translating into follow-through strength for the SHFE base metals this morning.

 

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