SMM Analysis: According to data from the General Administration of Customs, China's copper foil imports in May 2025 were approximately 8,692.39 mt, down 0.32% YoY but up 7.08% MoM. From January to May 2025, China's cumulative copper foil imports were approximately 39,075.96 mt, up 2.59% YoY...

SMM Analysis: According to data from the General Administration of Customs, China imported 69,400 mt of copper anode (HS code: 7402000) in May 2025, down 6.48% MoM and 30.56% YoY...

According to data from the General Administration of Customs, China exported 12,108.06 mt of copper enamelled wire in May 2025, up 26.59% YoY and down 8.39% MoM. From January to May 2025, China exported a total of 57,364.21 mt of copper enamelled wire, with a cumulative YoY growth rate of 26.92%. (HS code: 85441100)

Overnight, LME copper opened at $9,619.5/mt, hitting an intraday high of $9,635.5/mt shortly after the opening bell.

On Thursday (June 19) during the early trading session of the US stock market, US President Trump posted that he believed the US Fed should have cut interest rates by 250 basis points in its decision the previous day.

[Live: Global New Energy Vehicles & China's Low-Altitude Economy Outlook, Analysis of Electric Drive Metal Prices, Sharing of Innovative Technologies for Motor Materials] ►Analysis and Future Outlook of the Global New Energy Vehicle Market ►Development and Outlook of China's Low-Altitude Economy ►Development Opportunities and Challenges of Low-Altitude Electric Aircraft ►Industrialisation Breakthrough of Ultra-Thin Soft Magnetic Materials for High-Efficiency Drive Motors ►Price and Cost Analysis of Electric Drive Metal Materials

Overnight, LME copper opened at $9,668/mt, hitting a high of $9,694.5/mt at the beginning of the session before fluctuating downward throughout the session, touching a low of $9,648/mt near the close, and eventually closing at $9,650.5/mt, down 0.2%.

SMM Morning Meeting Summary: Overnight, LME copper opened at $9,668/mt, hitting a high of $9,694.5/mt in early trading before fluctuating downward throughout the session, reaching a low of $9,648/mt near the close, and eventually closing at $9,650.5/mt, down 0.2%. Trading volume reached 13,000 lots, and open interest reached 291,000 lots. Overnight, the most-traded SHFE copper 2507 contract opened at 78,640 yuan/mt, hitting a high of 78,700 yuan/mt in early trading before fluctuating downward to a low of 78,500 yuan/mt during the session. It fluctuated rangebound near the close and eventually closed at 78,610 yuan/mt, down 0.01%. Trading volume reached 19,000 lots, and open interest reached 181,000 lots.

[SMM Analysis: Field Trip Summary of Hubei Secondary Copper Rod Enterprises - Continuous Sales Losses Overlaid with the Transitional Period of Policy Implementation, Enterprises Operating with Difficulty].....

Overnight, LME copper opened at $9,686.5/mt. It rose early in the session, hitting a high of $9,713/mt, then fluctuated downward during the session, touching a low of $9,647.5/mt.