SMM Morning Comments: US Labor Market Data Better Than Expected, Overnight Copper Price Slightly Down
Overnight, LME copper opened at $8462.5 per ton, with the overall market showing a trend of slight decline. It reached a high of $8483 per ton at the beginning of the session, and then slowly declined to a low of $8324 per ton at the end of the session, ultimately closing at $8329 per ton. Trading volume reached 26,000 lots, and open interest reached 278,000 lots, with a decline of 1.28%. Overnight, the main Shanghai copper 2402 contract opened at 67980 yuan per ton, reaching a high of 68180 yuan per ton at the beginning of the session, and then steadily declining to a low of 67860 yuan per ton at the end of the session, ultimately closing at 67930 yuan per ton. Trading volume reached 23,000 lots, and open interest reached 123,000 lots, with a decline of 0.35%...

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