Copper mine supply disturbance strengthened, and the Shanghai copper plate extended its rally

During the Asian session, London copper fluctuated lower, and the latest quotation at 15:01 Beijing time was 9342 US dollars / ton, down 15 US dollars, or 0.
16%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was 69770 yuan / ton, up 670 yuan, premium 230-liter 290; Guangdong spot 1# copper price was reported at 69780 yuan / ton, up 660 yuan; Yangtze River spot 1# copper 69800 yuan / ton, up 710 yuan, premium 270-liter 290; Shanghai spot 1# copper price was 69610 yuan / ton, up 650 yuan
.

In the spot market, the downstream bargain hunting willingness is strong, still maintain an appropriate amount of bargain hunting, the willingness to trade is acceptable, and the transaction activity is relatively quiet
.
Many copper mines in Chile still have the possibility of strike disturbance, domestic copper stocks are still declining, this week Shanghai copper warehouse receipt inventory fell by a large margin, yesterday fell another 1,000 tons to 33,300 tons, copper prices still have rebound momentum
.

Most of Codelco's flagship EI Teniente mine's five workers' unions rejected labor contracts
offered before the formal negotiation period.
Suplant union workers at Codelco's Andina copper mine rejected management's latest wage offer, extending the shutdown
of the Central Copper Mine in Chile.

Chilean copper mine supply disturbance strengthened, and some copper mines still have the possibility of strikes, will limit the upward movement of copper processing fees, global recycled copper and refined copper supply is tight, coupled with domestic inventories are still declining, copper prices are rising
.