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Copper market afternoon comment: the global economy is still in the repair stage, overnight London copper shock after closing up $4, imported copper flooded into the market, July copper operating rate overall decline obvious, today copper is now down
.
In terms of spot, in Shanghai, copper prices rebounded downstream buying was suppressed, but because the source of goods has not yet seen significant loosening, and into the delivery cycle, it is difficult to find flat water copper at low prices, and traders' willingness to receive goods has increased, but it is difficult to have room for price reduction, the stalemate tug-of-war pattern will continue, and holders temporarily hold the right to speak in the market
.
The mine end is gradually repairing, and imported copper is flooding into the market; The overall decline in the domestic copper operating rate in July was obvious, automobile production and sales continued to increase year-on-year, but sales volume decreased month-on-month, the automotive industry is still recovering, and spot copper prices are expected to fall
.
