LME 현물-3개월물 백워데이션/콘탱고 및 미결제약정 변동

Jain Resource Recycling reported Q1 FY27 consolidated revenue of INR27.25 billion, up 76% year on year, with copper and copper products contributing around 67% of revenue. Its entire 1,600-tonne-per-month copper anode line is now operational, while copper cathode, wire rod and busbar projects are scheduled for commissioning over the next two quarters. Its Ahmedabad copper-scrap joint venture has also entered trial production.

SMM Morning Meeting Summary: Overnight, LME copper opened at $13,866/mt, after initially touching a high of $13,884/mt, it consolidated and pulled back, with the low hitting $13,808/mt, then rebounded to close at $13,848/mt, up 0.33%. Trading volume was 16,900 lots, and open interest fell to 248,000 lots, a decrease of 2,157 lots from the previous trading day, indicating bears reduced positions. Overnight, the most-traded SHFE copper 2609 contract opened at 105,750 yuan/mt, hit a high of 106,220 yuan/mt and a low of 105,610 yuan/mt, and finally settled at 106,190 yuan/mt, up 0.07%. Trading volume was 26,800 lots, and open interest dropped to 202,100 lots, a decline of 3,851 lots from the previous trading day, also indicating bears reduced positions.