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Treasury yields continued to fall to boost the market, and London copper closed up $135 overnight; Domestic Shanghai copper warehouse receipt inventory continued to decline, and the level of social inventory was not high, copper prices were supported, and copper is expected to rise
today.
As the reflation trade faded, the US 10-year Treasury yield fell below the 1.
3% mark, hitting a low in more than four months, boosting market sentiment, and the overnight copper shock was strong, the latest closing quotation of 9445 US dollars / ton, closing up 135 US dollars, or 1.
45%, the volume of 17614 lots decreased by 4254 lots, and the position 315291 increased by 1012 lots
.
In terms of inventories, the London Metal Exchange (LME) reported 214575 metric tons of London copper on July 7, an increase of 2,250 metric tons, or 1.
06%,
from the previous trading day.
