The strong operation of Shanghai copper was supported by lower inventories

From Thursday 2 June to Friday 3 June, the UK Spring Bank Holiday and the 70th Anniversary (Platinum Jubilee Year Bank Holiday) of the Queen's Throne are the UK Spring Holidays, and the London Metal Exchange (LME) is closed for two days
.

In terms of the market, today's domestic spot copper prices rose, Yangtze River spot 1# copper 72660 yuan / ton, up 280 yuan, premium 380-liter 420; The Yangtze River Comprehensive 1# copper price was reported at 72560 yuan / ton, up 300 yuan, and the premium was 240-360; Guangdong spot 1# copper price reported 72450 yuan / ton, up 310 yuan, premium 90-liter 290; Shanghai spot 1# copper price was 72560 yuan / ton, up 390 yuan
.

In the spot market, traders were not willing to stock up before the holiday, and holders continued to adjust prices, but receivers were still cautious to replenish low-priced sources, and the overall transaction was weak
.
China's easing policy continued to advance, supporting market risk sentiment, weakening the strong pressure of the US dollar on copper prices, superimposed on the decline in inventory support level, and the short-term trend of Shanghai copper was strong
.

Today's Shanghai copper opened higher, the latest opening price of the Shanghai copper 2207 contract was 71880 yuan / ton, up 250 yuan
.
Chile's copper production fell 9.
8% in April to 420,000 tons, the overall inventory is low, and the domestic intensive implementation of easing policies, of which automobile consumption is highlighted, a new round of new energy vehicles to the countryside activities may boost market consumer sentiment, copper or rise
.