SMM Morning Comment For SHFE Base Metals On June 27

SMM Morning Meeting Summary: Overnight, LME copper opened at $13,400.5/mt, touched a high of $13,462/mt early in the session before its center fluctuated downward, dipped to $13,328/mt before the center rose, and ultimately moved sideways to close at $13,391.5/mt, up 2.22%, with trading volume at 27,000 lots and open interest at 268,000 lots, an increase of 1,485 lots from the previous trading day, indicating bulls adding positions. Overnight, the most-traded SHFE copper 2606 contract opened at 103,350 yuan/mt, touched a high of 103,370 yuan/mt right at the open, then its center dipped to 102,850 yuan/mt before staying high and moving sideways, ultimately closing at 103,160 yuan/mt, up 0.49%, with trading volume at 36,000 lots and open interest at 199,000 lots, a decrease of 185 lots from the previous trading day, mainly indicating bears reducing positions.

[Обзор рынка меди от SMM] Производство медных катодов в апреле составило 1,1789 млн тонн, снизившись на 27 200 тонн по сравнению с предыдущим месяцем. Совокупное производство с января по апрель достигло 4,7067 млн тонн. Ожидается, что производство медных катодов в мае составит 1,1675 млн тонн, снизившись на 11 400 тонн по сравнению с предыдущим месяцем.