Shanghai copper high open operation short-term continuation of strong operation

During the Asian session, the V-shaped shock trend of London copper, the latest quotation at 15:01 Beijing time was 7949 US dollars / ton, a slight increase of 2 US dollars, or 0.
03%.

In the spot market, holders have sold goods for cash sharply, but buying interest is still weak, receiver receiving sentiment is poor, and the overall actual transaction continues to deteriorate
.
Macro sentiment remained warm, while the results of domestic property market policies gradually appeared, the marginal recovery of the real estate market, and the optimistic outlook for metal demand under the accelerated development of infrastructure investment and new energy fields, coupled with low inventories to provide support for copper prices, short-term copper prices continued to run
strongly.

Today's domestic spot copper prices continued to rise, Yangtze River spot 1# copper 61700 yuan / ton, up 200 yuan, premium 300-liter 340; The Yangtze River comprehensive 1# copper price was reported at 61770 yuan / ton, up 230 yuan, and the premium was 330-450; Guangdong spot 1# copper price was 61830 yuan / ton, up 250 yuan, premium 350-550; Shanghai spot 1# copper price was 61630 yuan / ton, up 210 yuan
.

In terms of news, China's industrial metal imports climbed, from January to July China's copper imports were 3.
41 million tons, a year-on-year increase of 5.
8%, while customs statistics show that the import of forged copper and products at the end of July increased to 463693 tons, an increase of 9.
3% year-on-year, superimposed on the decline in internal and external inventories, the outlook for domestic infrastructure acceleration metal demand is optimistic, in the short term, copper prices continue to fluctuate upward after consolidation at the 60,000 mark, and copper is expected to rise
.