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On the last trading day before the Dragon Boat Festival, the trend of Shanghai copper was weak, the current month 1606 contract opened 35510 high 35540 low 35280 settled at 35470, the end of the market closed at 35450 yuan / ton, down 540 yuan, down 1.
5%.
Overall, on the last trading day before the holiday, the market traded lightly
.
Abroad, 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, London copper is strong, as of 16:00 Beijing time, London metal (LME) copper latest quotation of $4580 rose $21
.
In terms of news, 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.
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
.
Spot copper prices fell during the day, 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
.
The medium and long-term weakness has not changed, coupled with the deepening of the off-season of the copper market, it is difficult to boost consumption
.
