SMM Morning Meeting Summary: LME and SHFE Copper Prices Fluctuate with Minor Gains

[SMM Morning Meeting Summary: Overnight, LME copper opened at $9,023/mt, fluctuated downward initially and then rebounded, reaching an intraday high of $9,035/mt. It subsequently fluctuated downward throughout the session, touching an intraday low of $8,977/mt near the close, and finally settled at $8,980/mt, up by 0.16%. Trading volume reached 15,000 lots, and open interest stood at 260,000 lots.

Overnight, the most-traded SHFE copper 2502 contract opened at 74,500 yuan/mt, briefly touched a high of 74,580 yuan/mt at the beginning of the session, maintained a fluctuating trend during the day, and hit a low of 74,370 yuan/mt. It slightly rebounded near the close but continued to pull back, eventually settling at 74,430 yuan/mt, up by 0.01%. Trading volume reached 15,000 lots, and open interest stood at 144,000 lots.]