The prices of LME copper and Shanghai copper are actually roughly the same (synchronized globally), but one is priced in US dollars and the other is priced in RMB. Basically, the tonnage is different, so the prices are naturally different after conversion.

It’s just that the LME copper trading hours are from 8:00 am to 2:00 am, while domestic trading only lasts for 4 hours during the day. In this case, especially at night when the external market changes, the domestic market does not. The law changes, so when the market opens the next morning, in order to synchronize with the external price, it is often necessary to jump short and open high or low.

Therefore, the trend of LME copper at night has a great influence on the domestic trend after the opening of the next day. Don’t underestimate it