Copper is strong, and market uncertainty remains

Today's domestic spot copper prices rose slightly, Yangtze River nonferrous metal network 1# copper price was reported at 47370 yuan / ton, up 30 yuan, premium 90-liter 150; Guangdong spot 1# copper price reported 47250 yuan / ton, up 50 yuan; Yangtze River spot 1# copper price 47430 yuan / ton, up 40 yuan, premium 160-liter 180; Shanghai spot 1# copper price was 473450 yuan / ton, up 45 yuan
.

During the Asian session, London copper was mainly sorted out at a high level, and the latest quotation at 15:08 Beijing time was 5901 US dollars / ton, up 21 US dollars, or 0.
36%.

In the spot market, holders at the beginning of the month had a strong willingness to raise prices, downstream maintained rigid demand performance, and traders performed actively
.
China's manufacturing industry returned to expansion territory after six months, Caixin manufacturing rebounded for five consecutive months, business confidence has been repaired, but it still faces some pressure and limited
support for copper prices.

On Friday night, the external industrial products fell more or less, LME copper aluminum anti-fall shock-based, Shanghai copper 2001 reported 47200 yuan / ton, down 0.
27%, Shanghai aluminum 2001 night closed at 13785 yuan / ton, up 0.
18%.

Entering December, many uncertainties in the financial market remain, it is expected that commodities with strong financial attributes at the end of the year will be widely fluctuated by the external environment, copper prices or backed by the 47000 line has upward momentum, it is recommended that Shanghai copper light positions hold more, Shanghai aluminum cross-month positive set of profits after temporarily wait and see
.