SMM Morning Meeting Summary: LME copper opened at $14,445/mt, hit a high of $14,500/mt, a low of $14,301. 5/mt, and closed at $14,462/mt, up 0. 86%. Trading volume was 21,000 lots, with open interest at 261,000 lots, a decrease of 1,248 lots from the previous trading day, reflecting short position reduction. The most-traded SHFE copper 2612 contract opened at 109,010 yuan/mt, hit a high of 109,450 yuan/mt, a low of 108,950 yuan/mt, and closed at 109,420 yuan/mt, up 0. 95%. Trading volume was 37,000 lots, with open interest at 196,000 lots, an increase of 4,721 lots from the previous trading day, reflecting long position addition.
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