Shanghai copper opens high and low within the day and is still suppressed by macro factors in the short term

During the Asian session, London copper fluctuated and fell, and the latest quotation at 15:01 Beijing time was 9655 US dollars / ton, down 88 US dollars, or 0.
90%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River spot 1# copper 73230 yuan / ton, down 180 yuan, premium 340-380; The Yangtze River Comprehensive 1# copper price was reported at 73090 yuan / ton, down 190 yuan, and the premium was 160-280; Guangdong spot 1# copper price reported 72940 yuan / ton, down 200 yuan, discount 30-liter 170; Shanghai spot 1# copper price was 73,020 yuan / ton, down 230 yuan
.

In the spot market, merchants are still dumping goods, and the enthusiasm of consumers under the cautious fear of rising sentiment of receiving goods is general, the market trading activity is weak, and the trading volume is declining
.
Domestic consumption stimulus policies have landed, but demand is still weak, but overseas mine supply disturbances continue, domestic and foreign inventories continue to decline, prices still rebound, but the intensity may be weak, short-term copper prices are still suppressed by macro bearish factors
.

Today's Shanghai copper opened high, and the latest opening price of the Shanghai copper 2207 contract was 72770 yuan / ton, up 30 yuan
.
Peru copper mine disturbance continues to escalate, two major copper mine fires and protests continue for a long time and the impact is large, causing the market to worry about the shortage of global copper supply, the domestic Shanghai epidemic has been completely unblocked, coupled with the country's continuous increase in stimulus policies to support the economy, June downstream operating rate rebounded month-on-month, market sentiment gradually eased, the previously suppressed copper consumption began to gradually release and repair, copper or stable
.