Shanghai copper running low The overall trading of the market is light

During the Asian session, London copper fluctuated upward, and the latest quotation at 15:01 Beijing time was 9468 US dollars / ton, up 158 US dollars, or 1.
70%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 68580 yuan / ton, down 1250 yuan, premium 210-liter 270; Guangdong spot 1# copper price was reported at 68380 yuan / ton, down 1340 yuan; Yangtze River spot 1# copper 68610 yuan / ton, down 1260 yuan, premium 240-liter 260; Shanghai spot 1# copper price was 68510 yuan / ton, down 1190 yuan
.

In the spot market, traders purchase on demand, downstream consumption is weak, and the overall trading is light
.
Recently, there has been no new disturbance at the mine end, copper processing fees continue to rebound, global copper mine supply continues to recover, while demand has not increased significantly, and global manufacturing growth has shown signs of peaking, making copper prices rebound in hidden worries
.

On the macro front, the US ISM non-manufacturing PMI in June was 64 pre-month, exceeding expectations, US bonds fell, and the US dollar index turned from falling to rising
.
On the supply side, TC continued to rise, refined copper production grew rapidly, imports also showed high growth rates, and supply showed signs of
easing conditions.
On the demand side, domestic inventories continued to decline and premiums strengthened, but import losses and bonded premiums were low, indicating that the market entered the off-season
.
The increase in overseas inventories has slowed down, the PMI in Europe and the United States has reached a new high, and the logic of overseas demand is still there
.
Copper prices retraced the upper edge of the previous fluctuation range, focusing on the strength of
support.