[SMM price] May 28th Guangdong copper spot market rose in different periods of time (the first period)

SMM Morning Meeting Summary: Overnight, LME copper opened at $14,071/mt, dipped to a low of $14,066/mt in early trading, then saw its price center drift higher to touch $14,151.5/mt before closing at $14,135.5/mt, up 0.18%. Trading volume reached 20,000 lots, with open interest at 266,000 lots, up 2,423 lots from the previous trading day, reflecting an increase in long positions. Overnight, the most-traded SHFE copper 2609 contract opened at 107,930 yuan/mt, initially rose to 107,990 yuan/mt, then saw its price center move straight down to touch a low of 107,660 yuan/mt, and subsequently swung wildly before closing at 107,790 yuan/mt, down 0.03%. Trading volume reached 28,000 lots, with open interest at 206,000 lots, down 3,254 lots from the previous trading day, reflecting long liquidation.

Les divisions au sein de la Fed américaine sur la prochaine orientation de la politique monétaire sont devenues de plus en plus publiques. Le président de la Fed de Richmond, Barkin, a plaidé jeudi pour le maintien des taux d’intérêt, tout en mettant en garde contre des risques d’inflation persistants ; la présidente de la Fed de Cleveland, Hammack, a de nouveau réitéré son appel à des hausses de taux, prolongeant la dissidence qu’elle avait exprimée lors de la réunion de politique monétaire de juillet.