A 3.2-Magnitude Earthquake Shocks Shaanxi on Mine Earthquake or Collapse

SMM Morning Meeting Summary: Overnight, LME copper opened at $13,206/mt. In early trading, the copper price center dipped to $13,146/mt, then drifted higher, and near the end of the session touched a high of $13,270/mt, eventually closing at $13,255/mt, down 0.6%. Trading volume reached 24,000 lots, and open interest reached 246,000 lots, a decrease of 972 lots from the previous trading day, indicating long liquidation. Overnight, the most-traded SHFE copper 2608 contract opened at 101,890 yuan/mt. In early trading, the price center dipped to 101,640 yuan/mt, moved sideways then rose, and near the end of the session touched a high of 102,230 yuan/mt, eventually closing at 102,130 yuan/mt, down 0.7%. Trading volume reached 41,100 lots, and open interest reached 152,000 lots, an increase of 1,954 lots from the previous trading day, indicating bearish position building.

En junio de 2026, la tasa de operación de la varilla de cobre secundario fue del 14,04 %, por debajo de las expectativas del 14,23 %, con un descenso intermensual de 0,66 puntos porcentuales y un descenso interanual de 19,57 puntos porcentuales. En junio, el mercado de varilla de cobre secundario operó bajo tres temas principales: la implementación a gran escala de las inspecciones de cumplimiento de la facturación inversa, los precios del cobre probando repetidamente la marca de los 100.000, y la fecha adelantada del feriado del Festival del Bote del Dragón.