Shanghai copper afternoon review on July 2

Last night, London copper closed at 6,056 US dollars / ton, up 0.
28%, with a volume of 22,000 lots, and long positions increased by 2,154 lots to 293,000 lots; the Shanghai copper 2008 contract closed at 49,180 yuan / ton, down 0.
34%, with a volume of 74,000 lots, and short positions increased by 559 lots to 130,000 lots
.
Affected by the pullback of the external market, Shanghai copper opened low at 48,980 yuan / ton overnight, and then maintained a first-line oscillation
at 49,000 yuan / ton.

On the macro front, yesterday the United States released a sharp increase in ADP employment data, and revised the previous value in May from negative to an increase of 3.
065 million, the US and European PMI data is also now repaired month-on-month, China's Caixin manufacturing PMI data recorded 51.
2, a new high
in December 19.
From a fundamental point of view, yesterday Chile announced a significant reduction in the number of on-site workers, and the Chilean Copper Miners' Federation once again called on the government to suspend all copper mine operations for 14 days, which continued to cause copper supply concerns and was positive for copper prices
.

In terms of spot, copper prices have continued to rise recently, downstream procurement is afraid of heights, and there are successive imports of imported copper customs declarations, and the premium is expected to remain downward
.
It is expected that today's external market is 6080-6150 US dollars / ton, and the internal disk is 49400-49800 yuan / ton
.
It is expected that today's spot premium will be 50-80 yuan / ton
.