SMM Morning Meeting Summary: LME copper opened at $14,112/mt, reached a high of $14,115. 5/mt, a low of $13,929/mt, and closed at $14,015. 5/mt, down 0. 14%. Trading volume was 34,000 lots, with open interest at 251,000 lots, a decrease of 3,545 lots from the previous trading day, reflecting long liquidation. The most-traded SHFE copper 2612 contract opened at 106,640 yuan/mt, reached a high of 106,780 yuan/mt, a low of 105,480 yuan/mt, and closed at 106,560 yuan/mt, up 0. 31%. Trading volume was 57,000 lots, with open interest at 199,000 lots, a decrease of 1,576 lots from the previous trading day, reflecting short covering.
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