Macro risks remain There is limited space above Shanghai copper

During the Asian session, London copper was weakly running, and the latest quotation at 15:01 Beijing time was 6762 US dollars / ton, down 10 US dollars, or 0.
15%.

In terms of the market, today's domestic spot copper prices rose slightly, Yangtze River nonferrous metal network 1# copper price was reported at 51550 yuan / ton, up 80 yuan, premium 110-liter 170; Guangdong spot 1# copper price was 51435 yuan / ton, up 35 yuan; Yangtze River spot 1# copper price 51640 yuan / ton, up 50 yuan, premium 210-liter 230; Shanghai spot 1# copper price was 51580 yuan / ton, up 15 yuan
.

In the spot market, the holders shipped at a high price, some merchants received a small number of goods, and the downstream was afraid of heights to maintain rigid demand, and the transaction was slightly flat
.
Chile's Escondida copper mine has increased the risk of strikes, Collahuasi copper mines have reached an agreement to avoid strikes, supply-side disturbances provide bottom support for copper prices, but there is still uncertainty about the US stimulus package, macro risks remain, and copper prices have limited
upper space.

Entering October, the high volatility of asset prices in the global financial market has further intensified, market risk appetite has swayed with the new crown epidemic, economic stimulus measures and the Politburo situation, financial markets, especially stocks and commodities, systemic risks are greater, and the continued rebound may be more hoped for the improvement of the new crown epidemic and the introduction of a new round of economic stimulus measures as soon as possible
.
At present, the two-way fluctuations of copper and aluminum high dominated by macro factors have increased, and it remains to be seen whether the traditional peak season expectations of gold nine silver and ten are falsified in fundamentals, and the medium line focuses on monetary and fiscal stimulus policy guidance
before the US election.