[SMM Morning Meeting Summary: Copper Prices Maintained Fluctuating Trend Overnight as Market Awaits Further Guidance]
Overnight, LME copper opened at $9,490.5/mt, initially rising to an intraday high of $9,531/mt before declining to an intraday low of $9,474/mt. By the end of the session, the center lifted slightly but returned to lower levels, ultimately closing at $9,502/mt, down by 0.14%. Trading volume reached 16,000 lots, and open interest stood at 291,000 lots.
Overnight, the most-traded SHFE copper 2504 contract opened at 77,360 yuan/mt, initially hitting an intraday high of 77,580 yuan/mt. It then fluctuated downward to an intraday low of 77,160 yuan/mt and maintained a rangebound trend towards the session's end, finally closing at 77,300 yuan/mt, down by 0.15%. Trading volume reached 24,000 lots, and open interest stood at 173,000 lots.
