Market optimism heats up, copper prices fluctuate higher

In the external market, Apanlon copper opened high at 6158 US dollars / ton, and climbed to an intraday high of 6172.
5 US dollars / ton
after the open.
After the opening of Shanghai copper, London copper fell about $10/ton and then rose back to $6166.
5/ton, and then fluctuated around $6145-6165/ton
.
In the afternoon, the short increase in positions suppressed copper prices downward, and London copper fell to 6132.
5 US dollars / ton.

Entering the European session, London copper accelerated the downward trend to 6108 US dollars / ton, and then the center of gravity fluctuated
along the 6113 US dollars / ton line.
The bears went on the offensive again, dragging London copper down quickly to an intraday low of $6087.
5/mt
.
As of 17:00, London copper closed at $6,089/ton, down $51/ton, down 0.
83%.

In terms of the market, Shanghai copper continued to rise and returned to a high of 49,500 yuan / ton, an increase of more than 500 yuan / ton
.
Continuing the previous day's rising water steadily after the daily premium water pushed up again, attracting traders to enter the market, the inquiry atmosphere is positive, the holder maintains a strong willingness to lift the water, the morning market holders quote the premium 30 ~ 50 yuan / ton, flat water copper source accounts for less, the premium 30 yuan / ton low-price source transaction is fast, and it is difficult to have room for price reduction, the price is raised to around 40 ~ 50 yuan / ton; Good copper quotation premium 50 yuan / ton, the same price as flat water copper, but the transaction is still not as good as flat water copper, downstream maintenance just need to buy, wet stalemate at discount 60 ~ discount 40 yuan / ton quotation
.
The intraday market continued to rise, the market imported copper sources did not see a large outflow, the mainstream intraday transactions are mostly concentrated in traders, the willingness to hold up prices is strong, the spot premium is firmly rising, the future copper boost
.
In the afternoon, copper fell slightly from around 49550 yuan to 49450 yuan / ton line, holders continued to quote a firm pattern, there is almost no room for price pressure, flat water copper premium 40 yuan / ton, good copper premium 50 yuan / ton, the transaction price slightly reduced to 49470-49630 yuan / ton
.

Shanghai copper rose during the day, mainly as the market's optimistic expectations for the global economic recovery continued to rise
.
U.
S.
stocks rose en masse, while the U.
S.
ISM non-manufacturing PMI for June rebounded sharply to 57.
1 last night from 45.
4 in May, far exceeding expectations of 50 and hitting a new high since February this year, while Japan's June foreign exchange reserves turned to increase again after a decrease in May, with a declared value of $1.
05024 trillion, an increase of $8.
92 billion
from the previous month.
The continuous improvement of the macroeconomic environment has accelerated the rise of market optimism and supported the upward
rush of copper prices.
At present, London copper is still at a high of more than 6100 US dollars / ton, and Shanghai copper followed and closed in
the future.
Wait for the guidance of the external market, test whether Shanghai copper can continue the rally, and effectively break through the 49500 yuan / ton mark
upward.