SMM July 1: today, the spot of electrolytic copper in North China quoted a price of 90 yuan / ton ~ 140 yuan / ton for the monthly contract, with a transaction price of 49370 yuan / ton ~ 49520 yuan / ton. Global liquidity easing and inflation spurred copper prices to continue to climb, continue to refresh recent highs, Shanghai copper rose another 500 yuan / ton to 49400 yuan / ton high today. Under the background of rising water falling sharply in Shanghai, Shandong and Guangdong, the rising water in North China is still limited, the main reason is that the smelter still has the intention of standing up, and other traders do not have the will to reduce it too much. the lower limit remains at 90 yuan / ton yesterday, the upper limit is slightly lower than 140 yuan / ton, and the average price of rising water is 5 yuan / ton lower than that of yesterday. Copper price high and downstream buying power is weak, fear of high sentiment is strong.