The copper oscillation along the daily moving average wide, the amplitude expanded to about 300 yuan / ton

In terms of external trading, London copper opened at 6269 US dollars / ton, and the daily moving average fluctuated at the beginning of the session, during which it touched a high of 6298 US dollars / ton, hindered by the 6300 US dollars / ton integer mark
.
At noon, the amplitude continued to expand to 60 US dollars / ton, in the afternoon, almost 6300 US dollars / ton declined, at the end of the Asian market, after testing down 6245 US dollars / ton still returned to the daily moving average nearby, as of 17:50, London copper has not completely broken through the 6300 US dollars / ton integer mark, London copper reported 6288 US dollars / ton
.

In terms of the market, overnight non-ferrous metals rose across the board, Shanghai copper pressure in the morning was 50,000 yuan / ton, the market was afraid of heights, the supply continued to flow out, the willingness of holders to cash out was high, the morning market monthly ticket quotation good copper flat water ~ premium 20 yuan / ton, flat water copper quotation discount of about 30 yuan / ton, the transaction is weak, the holder took the initiative to lower the quotation, the monthly ticket has shown a comprehensive discount, good copper discount about 20 yuan / ton, flat water copper discount of about 40 yuan / ton, downstream is mostly to complete the monthly long order, wet copper stalemate at the discount of 90 ~ 80 yuan / t / ton, intraday market transactions still revolve around relying on the demand for the month's notes, and most holders have traded the next
month's notes.
In the afternoon, the market remained around 50,000 yuan / ton, the supply was sufficient, the willingness to exchange cash at high prices was further improved, the market has basically no quotation for the month's notes, the premium has expanded sharply, and the transaction is light
.
Copper prices have rebounded nearly 50,000 yuan / ton, the source of goods continues to increase, and near the end of the month, the market buying interest is declining day by day, the state of oversupply is again revealed, and the spot discount may further expand
.

In terms of industry, according to data from the General Administration of Customs, China's scrap copper imports in June were 200,000 tons, down 39.
8% year-on-year and 4.
76% month-on-month, and the cumulative amount of scrap copper imports from January to June was 1.
15 million tons, down 37.
8%
year-on-year.
China's General Administration of Customs has implemented risk early warning and supervision measures
for imported US waste raw materials since May 4.

In terms of news, Chile's Escondida copper mine operator has proposed a final salary contract, including raising the signing fee to $27,700 and raising wages by 1.
5%, but the union previously demanded a 5% salary increase and a bonus of $40,000 per person, and the risk of strikes still exists or continues to support copper prices, and it is expected that Shanghai copper will fluctuate
strongly in the short term.