Shanghai copper trend is weak, the market trading is light

In the international market, after the dovish speech of Federal Reserve Chair Yellen earlier this week, the possibility of the United States raising interest rates this month has weakened, affected by the decline of the US dollar, today's London copper is strong, as of 16:00 Beijing time, London metal (LME) copper latest quotation of $4580 rose $21
.

In terms of the market, on June 8, Yangtze River spot 1# copper reported 35660-35680 yuan / ton, down 490 yuan / ton from the previous transaction, and the premium was 160 to 180 yuan / ton; Shanghai spot 1# electrolytic copper 35620 yuan / ton, down 515 yuan, flat water copper trading price 35610 down 515, premium copper trading price 35630 down 510
.
Today's spot copper prices fell, traders actively quoted, but the downstream pre-holiday attitude was cautious, the afternoon market sentiment was light, procurement was limited, and the actual transaction was not much
.

In terms of industry, the General Administration of Customs announced on June 8 that China imported 430,000 tons of unwrought copper and copper in May and 450,000 tons
of unwrought copper and copper products in April.
The total import of unwrought copper and copper materials from January to May was 231 tons; In the same period last year, the cumulative amount was 189 tons, an increase of 22.
1%
year-on-year.

Today's copper prices continue to remain low, in the short term, copper prices may have upside, medium and long-term weakness has not changed, coupled with the copper market off-season deepening, it is difficult to have consumption boost
.
Therefore, there is no need for merchants to stock up on goods for a long time, and on-demand procurement is sufficient
.