[SMM data] April 9, 2020 LME copper stocks

Published: Apr 9, 2020 17:36

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SMM Morning Meeting Summary: Overnight, LME copper opened at $13,316.5/mt, touching a high of $13,329/mt early in the session. Copper prices then saw their center gradually shift lower, dipping to $13,193/mt, before fluctuating upward to ultimately close at $13,226.5/mt, down 0.47%. Trading volume reached 15,500 lots, and open interest reached 278,700 lots, an increase of 1,326 lots from the previous trading day, indicating bears adding positions. Overnight, the most-traded SHFE copper 2606 contract opened at 102,540 yuan/mt, touching a high of 102,660 yuan/mt early in the session, then fluctuated downward to a low of 102,050 yuan/mt, before experiencing wild swings to ultimately close at 102,280 yuan/mt, down 0.64%. Trading volume reached 35,000 lots, and open interest reached 208,000 lots, a decrease of 4,047 lots from the previous trading day, indicating bulls reducing positions.
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[SMM data] April 9, 2020 LME copper stocks - Shanghai Metals Market (SMM)