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On Friday, after the London copper opened at 5928 US dollars / ton, China's June PMI was good, the London copper Asian session began to rise, the shock rose to 5965 US dollars / ton, near the night, short-term pulled down to 5892 US dollars / ton, the final value of the University of Michigan consumer confidence index released by the United States in June was 95.
1, a new low since November 2016, and the core PCE price index in May was also slightly lower than the previous value, dragging the US index to a new low of 95.
47
。 Benefiting from the weakening of the US index, bulls actively entered the market, and London copper returned to a high run, closing at $5959 / ton, up $34 / ton
.
In terms of the market, as of June 30, the spot price of London copper was $5,908/ton, a discount of $10/ton over the March contract; London copper stocks were 249,700 tons, down 9,000 tons from the previous week; copper stocks in the previous period were 56,300 tons, an increase of 297 tons from the previous week; measured by the closing price of Shanghai copper, the actual ratio of Shanghai copper 3 contract to London copper March contract was 7.
97 (import ratio was 8.
04), and the import loss was 349 yuan / ton (excluding financing income).
Overall, the overall bullish sentiment in the market is high, London copper closed at a new high for six consecutive trading days, and the medium-term upper high is expected to be 6,000 US dollars / ton
.