Copper futures trading saw high activity as of January 13, with open interest rising even as daily volume slightly dipped, indicating continued investor engagement and positioning in the market.

[SMM HRC Daily Trading] On September 1, the total daily HRC trading volume of SMM's sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) reached 11,320 mt, down 1,190 mt (-9.5%) WoW. Futures first declined then rebounded today, while spot prices dropped by 20-40 yuan/mt. Market trading sentiment remained weak, with daily volume continuing to decrease.

[SMM HRC Daily Trading] On August 29, the total daily HRC trading volume of SMM's sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) reached 12,510 mt, down 1,280 mt (-9.3%) WoW. Futures pulled back from highs today, while spot prices dropped by 10-20 yuan/mt. Market trading sentiment weakened, leading to a decline in daily volume.