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.

Terkait penerbitan “Langkah-Langkah Pengelolaan untuk Daur Ulang dan Pemanfaatan Sumber Daya Terbarukan Industri yang Terstandar di Provinsi Shandong (Uji Coba)” (selanjutnya disebut “Langkah-Langkah Pengelolaan”), SMM mengetahui bahwa Langkah-Langkah Pengelolaan yang diterapkan di Provinsi Shandong kali ini merupakan “versi implementasi lokal” dari serangkaian persyaratan kebijakan pusat, tetapi bukan merupakan terjemahan langsung dari satu dokumen pusat tertentu.