July 13 Shanghai copper afternoon review

On Friday night, Panlun copper closed at 6429 US dollars / ton, up 2.
1%, with a volume of 22,000 lots, and long positions increased by 3,368 lots to 306,000 lots; the Shanghai copper 2008 contract closed at 51,930 yuan / ton, up 2.
83%, with a volume of 110,000 lots, and long positions increased by 2,775 lots to 118,000 lots
.
On Friday night, after sorting out the $6,300 line, London copper quickly went up to the conflict to break the 6,400 mark, and the Shanghai copper night market also opened high and went high, approaching the 52,000 yuan position
.

On the macro front, there are signs of progress in the treatment of the new crown, with both U.
S.
stocks and crude oil rising significantly, and improving risk sentiment is positive for copper prices
.
In addition, the market is worried about the results of the strike vote at Anto's two mines, due to the severe epidemic situation in Chile, it is expected that negotiations will be hindered, and the favorable supply-side superposition stimulates copper prices to rise significantly, and copper prices are expected to continue to be
strong this week.

In terms of spot, as the delivery period approaches, the basis of the next month continues to narrow, limiting the room for upside, but it is difficult for the market to rise under the fear of heights
.
It is expected that today's London copper 6420-6490 US dollars / ton, Shanghai copper 51900-52300 yuan / ton
.
It is expected that today's spot premium will be 30-50 yuan / ton
.