Shanghai copper continues to be strong in the short term or continue to rise

In terms of external trading, during the Asian session, London copper ran at a high level, and the latest quotation at 15:00 Beijing time was 5318 US dollars / ton, up 37.
5 US dollars, or 0.
71%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River nonferrous metal network 1# copper price was reported at 44170 yuan / ton, up 550 yuan, premium 40-liter 100; Guangdong spot 1# copper price reported 44280 / ton, up 580 yuan; Yangtze River spot 1# copper price 44240 yuan / ton, up 550 yuan, premium 120-liter 140; Shanghai spot 1# copper price was 44130 yuan / ton, up 540 yuan
.

In the spot market, the premium fell off a cliff, and there were few actual downstream receipts, and the fear of heights increased, and the transaction was sluggish
.
China's auto market rebounded weaker than expected in April, but there are still signs of recovery, and some countries have begun to ease lockdown measures, and metal demand is likely to improve, supporting copper prices
.

In terms of news, the impact of the epidemic on Chile is mainly concentrated in the second quarter, although the Peruvian mining industry will begin to resume operations, but these major copper-producing countries want to restore production capacity on a large scale is still difficult, and the consumer market is gradually recovering, refined copper destocking continues, wire and cable and other starts remain high, infrastructure-led consumption season effect is obvious, spot copper prices today or continue to rise
.