[SMM analysis: copper price skyrockets and then collapses, and the sentiment of recycled copper purchase is indifferent] This week, the copper futures on the COMEX market showed a bullish trend, with copper prices surging by 4000 yuan/ton on Monday. Subsequently, the squeeze sentiment eased, coupled with the Federal Reserve's expectation of maintaining the interest rate unchanged in June, copper prices soared from 84,000 yuan/ton to 88,600 yuan/ton within the week, and then fell sharply to 82,800 yuan/ton.