Shanghai copper rebounds to the upside, and the market trading activity performance is average

During the Asian session, London copper fluctuated upward, and the latest quotation at 15:01 Beijing time was 9430 US dollars / ton, up 96 US dollars, or 1.
02%.

In terms of the market, the domestic spot copper price rose slightly today, 1# copper price was 68880 yuan / ton, up 130 yuan, discount 350-liter 410; Guangdong spot 1# copper price was 68610 yuan / ton, up 60 yuan; Yangtze River spot 1# copper 68970 yuan / ton, up 100 yuan, premium 370-liter 390; Shanghai spot 1# copper price was 68835 yuan / ton, up 45 yuan
.

In the spot market, the supply of circulating goods is tight, the receiving party is afraid of heights, the downstream consumption is sluggish, and the transaction activity is average
.
Shanghai copper warehouse receipts continued to fall, and the domestic continued to go to storage, coupled with the weakening of the operating rate of copper pipe enterprises in June, and the consumption side showed a low season, supporting copper prices to climb
.

Industry news, China's National Bureau of Statistics announced on Thursday that gross domestic product (GDP) in the second quarter of this year increased by 7.
9% year-on-year, slightly lower than the median estimate of 8.
1%, and a two-year average growth of 5.
5%; Q2 growth was 1.
3%; In the first half of the year, GDP increased by 12.
7%
year-on-year.
The weaker-than-expected economic growth data reinforced the central bank's expectations of further monetary policy easing and boosted copper prices
.