Import and export data are positive Copper prices fluctuated in a narrow range during the day

In the external market, LME copper rose slightly to $5,908 in March and then plunged to a minimum of $5,887, and then the price rose straight up, exceeding the previous high of the day, and the price continued to rise in the afternoon, once rising to a maximum of $5,962
.
The final price closed at $5,921, up $17.
5, or 0.
30%.

In terms of the market, the market trading in the mainstream trading session in the morning is general, because the basis of the current month of Shanghai copper and the next month quickly widens to about 200 yuan, the holders follow the continuous upward increase in premium shipments, traders have the willingness to receive goods, trading is active, but the downstream is only to maintain rigid procurement
.
In the later stage, the holders generally adjusted the price and shipped the goods after the price was hopeless, and the quotation was more chaotic
.

In terms of news, the news of the overnight Chilean copper mine strike stimulated the copper market to run strongly, and copper prices fell slightly in the morning, but after the release of import and export data in June, it boosted market confidence, and the black series continued to rise sharply, making the copper market rebound
again before closing.

From the futures disk point of view, Shanghai copper intraday narrow range shock, MACD dead cross, KDJ dead cross low turn, the pressure at the previous high of 47800 yuan is not small, it is expected that short-term copper prices will fluctuate in a narrow range above the half-year line, waiting for the entry of market bulls, continue to pay attention to downstream procurement
.