SMM

LME copper prices closed at $8,239.5/mt last evening, down 1.32%. Trading volume was 20,000 lots and open interest stood at 262,000 lots. SHFE 2308 copper contract finished at 67,310 yuan/mt last evening, down 0.68%. Trading volume was 40,000 lots, and open interest stood at 187,000 lots. At the group meeting of the four central banks in Europe, Britain, the United States and Japan, Powell said that he did not rule out the possibility of the Fed raising interest rates again at its next meeting in July, and reiterated that it is necessary to raise interest rates twice this year.