SMM

[Impacted by Macro Expectations, LME Copper and SHFE Copper Showed Divergent Performances Last Friday Night] Macro side, as investors consolidated positions ahead of the weekend, expecting more inflation data (such as PCE) this week and closely monitoring tariff-related headlines, the US dollar strengthened, weighing on LME copper. Additionally, if relations between Trump and Zelensky or the EU further deteriorate, or if new tariff policies emerge, the US dollar may continue to rise, further suppressing copper prices.