Shanghai copper rose and fell back The overall transaction of the market is average

During the Asian session, London copper fluctuated downward, and the latest quotation at 15:01 Beijing time was 9430 US dollars / ton, down 63 US dollars, or 0.
66%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River nonferrous metal network 1# copper price was reported at 69480 yuan / ton, up 840 yuan, premium 270-liter 330; Guangdong spot 1# copper price was 69300 yuan / ton, up 820 yuan; Yangtze River spot 1# copper 69550 yuan / ton, up 850 yuan, premium 350-liter 370; Shanghai spot 1# copper price was 69490 yuan / ton, up 770 yuan
.

In the spot market, the buying fear of heights is strong, merchants are willing to sell, downstream consumption is general, and the overall transaction is average
.
The pace of decline in domestic inventories is gradually accelerating, downstream consumption performance is not weak in the off-season, and the domestic central bank has comprehensively lowered the RRR, releasing about 1 trillion yuan of long-term funds, exceeding market expectations, and copper prices have been boosted upward
.

In terms of news, smelter maintenance in June is still more, will continue to affect production, June electrolytic copper production was 829,300 tons, down 2.
4% from May, the market supply is tight, and overseas scrap copper imports are reduced, due to the epidemic in Malaysia and other countries, resulting in unsmooth imports, the consumer side and the performance of the off-season is not light, copper prices are rising
.