Downstream demand resilience is still in place Copper prices will continue to rebound

In terms of the market, today's domestic spot copper prices rose, Yangtze River nonferrous metal network 1# copper price was reported at 70100 yuan / ton, up 940 yuan, 240-300 liters; Guangdong spot 1# copper price was 70,070 yuan / ton, up 910 yuan; Yangtze River spot 1# copper 70130 yuan / ton, up 920 yuan, premium 290-liter 310; Shanghai spot 1# copper price was 70100 yuan / ton, up 920 yuan
.

In the spot market, the holder actively adjusts the price of shipments, the receiver receives the goods at a low price, and the downstream actively prepares the goods, the overall transaction is good, and the transaction is
acceptable.
Chile bill has been approved by the House of Representatives to affect copper concentrate production, Southeast Asia epidemic continues to affect scrap copper imports, domestic copper stocks continue to destock, as of last Friday, the last period of copper weekly stocks fell by more than 3,000 tons to 82,390 tons, continuing to refresh the lowest since February this year, and downstream consumer demand resilience is still there, copper prices will continue to rebound
.

According to foreign news on August 27, union leaders said that Chile's national copper company (Codelco) on Friday called on its Andina miners to return to the negotiating table, after the miner has been on strike for 16 days
.
The Andina mine produced 184,000 tonnes of copper
in 2020.

Chile's bill, which has been approved by the House of Representatives, will impose a 3% royalty on Chilean copper sales, affecting concentrate production, and the epidemic in Southeast Asia continues to affect copper scrap imports, scrap copper imports fell month-on-month in July, superimposed copper stocks continued to destock, copper prices rose
.