Gold nine silver ten consumption is expected to improve Shanghai copper running high

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was 51780 yuan / ton, up 320 yuan, discount 20-liter 40; Guangdong spot 1# copper price was 51730 yuan / ton, up 350 yuan; Yangtze River spot 1# copper price 51820 yuan / ton, up 330 yuan, premium 40-liter 60; Shanghai spot 1# copper price was 51780 yuan / ton, up 360 yuan
.

In the spot market, there are few inquiries, traders are mainly traded between them, and the downstream wait-and-see mood is strong, and the trading is light
.
The supply disturbance at the mine end has weakened, the supply of scrap copper still needs to be restored, domestic demand may be strengthened, overseas demand continues to recover, and short-term copper prices or shocks are strong
.

U.
S.
real GDP in the second quarter was revised to a 31.
7% qoQ decline compared to an expected decline of 32.
5% and a 32.
9%
decline in the previous month.
U.
S.
jobless claims for the week ended Aug.
22 were 1.
006 million versus 1 million expected and 1.
106 million
in the previous month.
Overnight U.
S.
GDP and employment data remained unsatisfactory, but a subsequent statement from the Fed said it would likely continue to expand easing
.
The US dollar fluctuated sharply overnight, and non-ferrous metals fluctuated
sharply in overnight.

China's total profits of industrial enterprises above designated size in July increased by 19.
6% year-on-year, 8.
1 percentage points faster than in June, and has increased year-on-year for three consecutive months; there are expectations of improvement in the consumption of gold, silver and ten, the supply of raw materials is still tight, and spot copper prices are expected to rise
.