【SMM Copper Price Intraday Volatility】
During the morning trading session on January 29 (Beijing time), both SHFE copper and LME copper rallied sharply after 10:30, leading gains across the market.
As of 11:15 a.m. Beijing time, the LME 3-month copper contract broke above 13,800$/mt, while the SHFE main copper contract (2603) surged past RMB 108,000/mt, with both posting gains of over 5%.
Intraday, the import arbitrage for the SHFE 2603 contract recovered to above RMB 200/mt, and the import window for forward contracts widened significantly.
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