SHFE Cu plummets as Sino-US trade-feud kickoff looms

The escalated trade tension between China and US, the world's two biggest economic powers, has cast a long shadow over metal futures markets, with the most-traded copper contract on the Shanghai Futures Exchange on Thursday - that for August delivery - closing at Yuan 49,330/tonne ($7,589/t), lower by Yuan 1,440/t from the previous day's settlement price.

The escalated trade tension between China and US, the world’s two biggest economic powers, has cast a long shadow over metal futures markets, with the most-traded copper contract on the Shanghai Futures Exchange on Thursday – that for August delivery – closing at Yuan 49,330/tonne ($7,589/t), lower by Yuan