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.

『산둥성 공업 재생자원 규범화 재활용 관리 방법(시행)』(이하 ‘관리 방법’) 발행과 관련해 SMM은 이번에 산둥성에서 시행된 관리 방법이 일련의 중앙 정책 요구사항을 지방 차원에서 구현한 ‘지방 실행 버전’이지만, 특정 단일 중앙 문서를 단순 번역한 것은 아니라고 파악했다.