Shanghai copper fluctuated in a narrow range, and the market fell slightly in the afternoon

During the Asian session, London copper is running strongly, and the latest quotation at 15:01 Beijing time is 9381 US dollars / ton, up 52 US dollars, or 0.
56%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 68640 yuan / ton, down 210 yuan, premium 210-liter 270; Guangdong spot 1# copper price reported 68480 yuan / ton, down 240 yuan; Yangtze River spot 1# copper 68700 yuan / ton, down 230 yuan, premium 270-liter 290; Shanghai spot 1# copper price was 68720 yuan / ton, down 160 yuan
.

In the spot market, merchants ship normally, downstream cautiously wait and see, the receiver needs to make less supplements, and the overall transaction is relatively
deadlocked.
The decline in domestic social inventories has slowed down, and the supply of copper ore and electrolytic copper is expected to recover, and the off-season effect of downstream consumption is obvious
.

Industry news, Tzseko Mines announced that its Gibraltar mine produced 27 million pounds of copper in the second quarter, compared with 22 million pounds in the first quarter of this year, an increase of 5 million pounds from the previous quarter, and is expected to perform strongly in the second half of the year; China's industrial producer prices (PPI) slowed slightly year-on-year in June; Consumer price (CPI) growth also declined
in June.

In terms of news, the weekly processing fee of copper concentrate has rebounded sharply, the supply of mines is expected to improve unchanged, the refined copper of the maintenance plant will gradually resume production in June, and the off-season effect of consumption in downstream home appliances and other industries is obvious, and copper is expected to fall.