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.

Pada Juni 2026, tingkat operasi batang tembaga sekunder mencapai 14,04%, di bawah ekspektasi 14,23%, turun 0,66 poin persentase dari bulan sebelumnya dan turun 19,57 poin persentase dari tahun sebelumnya. Pada Juni, pasar batang tembaga sekunder bergerak di bawah tiga tema utama: implementasi penuh pemeriksaan kepatuhan faktur terbalik, harga tembaga yang berulang kali menguji level 100.000, serta libur Festival Perahu Naga yang datang lebih awal.