China’s economy is still quite precarious as speculators grapple with the uncertainty.
China’s local governments have embarked on a massive new round of off-balance sheet debt financing, underpinning a fragile upturn in the economy but raising red flags on financial stability. Shanghai Futures Exchange copper traded up 1 percent at 37,510 yuan ($5,794) a tonne ($2.63/lb).
May COMEX 223.95, down 2.20 ¢
Jun COMEX 224.20, down 2.20 ¢
Jul COMEX 224.40, down 2.25 ¢
LME 3 Month Copper 4,966.00, Cash = 225.30 ¢/lb
COMEX Stocks down 304 mt. Total COMEX 59,112 mt
LME Stocks up 5,175 mt. Total LME 154,675 mt
Shanghai Stocks down 19,795 mt, Total Shanghai 311,894 mt (29APR16)
Stocks GT: 525,681 mt
Euro 1.1557
WTI Crude Oil 44.49, down 0.29
Brent Crude Oil 45.61, down 0.22
Spot Gold 1,297.40
