Shanghai copper fluctuates at a high level The market still has expectations for peak season consumption

During the Asian session, London copper opened high, and the latest quotation at 15:01 Beijing time was 8936.
5 US dollars / ton, up 41.
5 US dollars, or 0.
47%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 66130 yuan / ton, up 410 yuan, premium 120-liter 180; Guangdong spot 1# copper price was reported at 66050 yuan / ton, up 430 yuan; Yangtze River spot 1# copper 66170 yuan / ton, up 430 yuan, discount 10-liter water 10; Shanghai spot 1# copper price was 66170 yuan / ton, up 480 yuan
.

In the spot market, the willingness to receive goods is not high, the downstream just needs to be consumed, and the overall transaction is general
.
Global copper concentrate remains tight, smelters are overhauled in the second quarter, the automotive industry maintains growth, peak season consumption expectations remain, and there is support
below copper prices.

In terms of news, data from the General Administration of Customs showed that China's imports of unwrought copper and copper products from January to March increased by 11.
7% year-on-year to 1.
436 million tons, of which the import volume in March was also higher than the same period last year, and economic activities gradually increased to increase demand; the current copper concentrate processing fees are still declining, the market still has expectations for peak season consumption, and spot copper prices are expected to rise
.