Data: SHFE, DCE market movement (May 29)

Last Friday evening, LME copper opened at $14,351.5/mt, touched a high of $14,383/mt in early trading, then drifted lower all the way and dipped to $14,214.5/mt near the close. It subsequently drifted higher and settled at $14,285/mt, down 0.15%. Trading volume reached 16,900 lots, and open interest reached 270,000 lots, down 215 lots from the previous trading day, as bulls trimmed positions. Last Friday evening, the most-traded SHFE copper contract opened at 109,200 yuan/mt. It rose to 109,300 yuan/mt amid wild swings in early trading, after which the price center moved straight down to touch a low of 108,150 yuan/mt, before settling at 108,570 yuan/mt, down 0.05%. Trading volume reached 58,000 lots, and open interest reached 215,000 lots, down 1,422 lots from the previous trading day, as bulls trimmed positions.

Respecto a la publicación de las «Medidas de gestión para el reciclaje y el aprovechamiento normalizados de los recursos renovables industriales de la provincia de Shandong (provisional)» (en lo sucesivo, las «Medidas de gestión»), SMM supo que las Medidas de gestión implementadas esta vez en la provincia de Shandong constituyen una «versión de aplicación local» de una serie de requisitos de política central, pero no son una simple traducción de un único documento central