Shanghai copper low opening volatility market trading atmosphere performance is average

Today's Shanghai copper shock fell, the main month 2208 contract opened at 64800 yuan / ton, the highest intraday 64880 yuan / ton, the lowest 62960 yuan / ton, settlement 64060 yuan / ton, closed 63470 yuan / ton, down 590 yuan, down 0.
92%.

During the Asian session, London copper was weak and volatile, and the latest quotation at 15:01 Beijing time was 8304 US dollars / ton, down 96 US dollars, or 1.
14%.

In terms of the market, today's domestic spot copper prices stabilized, Yangtze River spot 1# copper 64350 yuan / ton, up 20 yuan, premium 120-liter 160; The Yangtze River Comprehensive 1# copper price was reported at 64270 yuan / ton, up 30 yuan, and the premium was 0-120; Guangdong spot 1# copper price reported 64180 yuan / ton, up 30 yuan, discount 130-liter 70; Shanghai spot 1# copper price was 64280 yuan / ton, up 40 yuan
.

In the spot market, at the end of the month, holders actively adjusted prices and shipments for cash, downstream bargain entry into the market inquiry, slightly stocked, trading atmosphere performance is average, trading volume slightly rebounded
.
China's June manufacturing data may recover, market sentiment has improved, but still not as good as the risk of external recession and tightening circulation expectations, the trend of Shanghai copper is still weakening during the day, spot copper prices temporarily stabilized
.

Shanghai copper opened lower today, and the latest opening price of the Shanghai copper 2208 contract was 64040 yuan / ton, down 20 yuan
.
China continues to maintain loose monetary policy to support economic recovery, according to the National Development and Reform Commission, will increase policy investment, the People's Bank of China net investment of 100 billion yuan, the Health and Construction Commission revised epidemic prevention management regulations, relaxed regulatory requirements, good market sentiment, but Shanghai copper pressure still exists, the domestic supply center of gravity is expected to rise, smelting enthusiasm is high, consumption recovery is slow, accumulation is expected to rise, domestic tight balance to excess transformation, copper is expected to remain stable
.