Copper futures sideways intraday trend slightly weaker

On the macro front, the US dollar index pulled back slightly today, but remained high, the US crude oil index declined, and non-ferrous metals also showed a short-term correction
.
Due to the strong economic data in the United States in June, the market is returning to the focus
on the timing of the Fed's rate hike.
However, expectations of other central banks around the world are still in place, and after the Bank of Japan, the market expects a large-scale stimulus rollout, and the market speculation about monetary easing and liquidity may not stop
.

In terms of the market, today's market supply is sufficient, mostly imported inventory, traders are actively shipping, a very small amount of purchases, smelters basically do not ship, smelters in Guangdong ship a small amount, but the overall transaction is small
.
Downstream households still maintain a wait-and-see attitude, and demand is sluggish
.
The afternoon premium has been improved compared with the morning, with good copper reporting at B20-B40 yuan, flat water copper C10-B10 yuan, and wet copper reporting around C110-C90 yuan
.
According to the survey results of the Shanghai Nonferrous Gold Trading Center, traders' views are not clear
.

Overall, copper mine supply continues to maintain growth, and the market transaction is still weak, showing that the off-season effect is obvious, it is expected to be affected by the weak trading of the consumer off-season, copper prices will appear short-term correction, in terms of operation, the previous period in the $5,000 line of short orders continue to hold, can break through the new high of the year to set a stop loss
.