​Chinese Lead Smelters to Cut 30% Production in Henan on Beijing Parade

SMM Morning Meeting Summary: Overnight, LME copper opened at $14,378/mt, drifted higher after the open, touched a high of $14,513/mt, and finally closed at $14,464/mt, up 1.50%. Trading volume reached 21,000 lots, and open interest reached 263,000 lots, an increase of 2,138 lots from the previous trading day, reflecting increased positions by bulls. Overnight, the most-traded SHFE copper 2610 contract opened at 109,200 yuan/mt, rose to touch a high of 109,850 yuan/mt during the session, then pulled back somewhat, and finally closed at 109,650 yuan/mt, up 1.06%. Trading volume reached 34,000 lots, and open interest reached 159,000 lots, a decrease of 776 lots from the previous trading day, reflecting reduced positions by bulls.

[SMM Mercado de ánodos de cobre] Del 11 al 17 de septiembre, la tasa operativa semanal de SMM de las empresas de placas de ánodo de cobre secundario en China repuntó 1,03 puntos porcentuales intermensualmente hasta el 52,43%. Se espera que disminuya 0,62 puntos porcentuales intermensualmente la próxima semana hasta el 51,81%.