Shanghai copper continues its strong trend Pay attention to tomorrow's China data

Externally, due to the decline in U.
S.
crude oil inventories and production, U.
S.
oil rose more than 4% in the evening to record the largest one-day gain since early April, market concerns eased, overnight London copper opened slightly higher at $827, high at $4848, low at $4781, and closed at $4841, up $17, or 0.
35%,
at $4841.
Today's dollar first rose and then fell, London copper narrow consolidation, as of 16:00 Beijing time, London metal (LME) copper latest quotation of $4833 fell $7
.

In terms of the market, Yangtze River spot 1# copper reported 37560-37580 yuan / ton, up 390 yuan / ton from the previous transaction, and the premium was 40 to 60 yuan / ton; Shanghai spot 1# electrolytic copper 37510 yuan / ton, up 420 yuan, flat water copper trading price 37490 up 410, premium copper trading price 37520 up 420; Guangdong spot 1# copper price reported 37620 yuan / ton, up 340 yuan / ton; Huatong spot 1# copper price was 37595 yuan / ton, up 390 yuan / ton; Today's spot copper premium fell, near the end of the month, market transactions are limited, lack of market consumption support, short-term copper price upside or limited
.

Today's Shanghai copper completed the monthly change, rose strongly, hovering around 37,500 yuan / ton at the end of the day, it is expected that Shanghai copper will have a correction in the evening, consolidating at a high level around 37,500 yuan / ton, waiting for the opportunity to challenge the 38,000 yuan / ton line
.
Watch for U.
S.
jobless claims, Chicago PMI, and more
in the evening.