The macro economy has a recovery trend, and copper prices are supported

In terms of external trading, Apanlon copper was disturbed by macro favorable emotions, copper prices jumped high at 6046.
5 US dollars / ton, at the beginning of the session, high bears were forced to leave the market, copper prices rushed to the high of 6075 US dollars / ton, but the high impulse declined, bulls took profits to reduce positions, copper prices fell back to the opening position
again 。 In the afternoon, guided by the favorable guidance of crude oil breaking through the 60 mark today, copper prices tried to shock and rise again, and at the end of the Asian session, it again tested above 6070 US dollars / ton to be blocked, and then entered the European market, the US dollar rose sharply, copper prices quickly fell to make up for this morning's gap, as of 17:30, London copper was reported at 6025 US dollars / ton, up 24 US dollars / ton
.

In terms of the market, the results of the Sino-US meeting and consultations were good, London copper rose, and Shanghai copper opened to 47200 yuan / ton line
.
Entering July, the company's funds are loose, the transaction has entered a new trading cycle, the morning market holders are reported in the premium 50 ~ 100 yuan / ton range, the willingness to raise the price is obvious, but the transaction response is not positive enough, the transaction is blocked under the flat water copper price can be pressed to the premium 30 ~ 40 yuan / ton range, good copper sources account for less, it is difficult to have a price pressure space, concentrated transaction in the premium 80 ~ 100 yuan / ton range, downstream to maintain just need to buy, wet stalemate at the discount 50 ~ discount 30 yuan / ton quotation
。 The market is higher, the market circulating sources have not seen a large outflow, the mainstream transactions within the day are mostly concentrated in traders, the holders of goods on the first day of the month are more willing to hold the price, and the characteristics of the same strength are more obvious
.
In the afternoon, as the market price remained firm and high, inhibiting market transactions, and at the beginning of the month, holders had no selling pressure, and firm quotations, and the market trading remained deadlocked
.

During the day, due to the easing of Sino-US trade relations, the macro economy has a recovery trend, market sentiment was boosted, copper prices opened up in the morning, and then remained at a high level of volatility, while Saudi Arabia and Russia reached an agreement to extend OPEC production cuts, which boosted copper prices
.
However, due to the surge in inventories in Guangdong by 8,000, the inflection point of inventories has appeared, and it is basically facing pressure on copper prices
.
Shanghai copper closed at the physical big Yang column during the day, the upper shadow was close to the upper Bollinger band, the KDJ indicator opening was expanded, and the technical face of copper prices was also supported
.