SMM

The LME Was Closed On Monday due to the Easter holiday. SHFE 2305 copper contract finished at 68,460 yuan/mt overnight, down 0.45%. Trading volume was 23,000 lots, and open interest stood at 163,000 lots. On the macro front, the US employment report released last Friday was mixed, which strengthened the expectation of a 25 basis point rate hike in the US in May. The US dollar index strengthened overnight, weighing on copper prices.