The copper market as a whole continued to be volatile

There is no night trading tonight, please make hedging and margin arrangements
in advance.
Recently, non-ferrous metals are in a volatile market, and it is recommended to hedge on demand or fully hedge
.
The LME is closed for the holiday
today.

The final Markit manufacturing PMI for May was 57, 57.
5 expected and 57.
5
previously.
Eurozone manufacturing PMI final for May: 54.
6; expectations: 54.
4; prior: 54.
4
.
Due to Hungary's opposition, the sixth round of EU sanctions against Russia failed to pass
.
Fed's Beige Book: The effect of interest rate hikes has begun to appear, and the economic growth rate of some Fed regions has slowed down
.
Overnight, economic data from the United States and Europe exceeded expectations, the dollar rose sharply, and non-ferrous metals ran
high.

Production at two copper mines in Peru was temporarily suspended
due to protests and fires.
Overnight, London copper bottomed out and rebounded to close in the sun, and U.
S.
copper opened
slightly lower today.
Shanghai copper opened sharply higher overnight, and the shock closed in a small negative, closing at 71950
.
Shanghai copper trading positions are basically stable, and market sentiment is biased towards
neutrality.
The short-term exchange rate gradually stabilized, and copper prices continued to fluctuate as a whole
.
In the medium term, copper prices are likely to rebound
slightly in June, supported by a gradual recovery in domestic demand.
Shanghai copper upper pressure 74000, lower support 70000
.
Today's international copper premium rose to 860 compared with Shanghai copper, and the external trend was stronger than the internal market
.