Shanghai International Energy Exchange said effective from settlement at close on July 2, 2026, international copper futures BC2607, BC2608, BC2609, BC2610, BC2611, BC2612, BC2701 and BC2702 will have a daily price limit of ±9%; margin ratio for spread/hedged positions 10% and for general positions 11%.

Fang Yi, chief strategy analyst at Guotai Haitong, said in a note that although Middle East geopolitical tensions remain volatile, the overall trajectory points to a reduced tail-risk scenario. With uncertainty falling and micro-level trading pressures easing, price discovery should reassert, making market-structure rallies likely to broaden; he recommends overweighting A-shares. Emerging risk boundaries and constraints suggest the downward adjustment in investor risk appetite and expectations is largely complete, returning markets to endogenous growth dynamics. Accelerating capital-market reforms imply policy intent to consolidate a steady-to-improving market backdrop. Traditional sectors are stabilizing; investment in China’s emerging industries is expected to accelerate given large market demand; China’s competitive manufacturing is globalizing, lifting multinationals and ROE, and 2026 GDP growth expectations may be revised up.

Total turnover on the Shanghai and Shenzhen markets was CNY3.274 trillion on June 30, down CNY243.995 billion from the prior day. Shanghai turnover was CNY1.530 trillion (previous CNY1.666 trillion) with volume 598 million lots (prev. 659 million). Shenzhen turnover was CNY1.743 trillion (previous CNY1.852 trillion) with volume 745 million lots (prev. 808 million). BOE A recorded the highest single-stock turnover at CNY44.557 billion; other top stock turnovers were CNY36.399 billion, CNY34.961 billion, CNY34.527 billion and CNY27.285 billion for the next four names.