Shanghai copper intraday trend is strong, high prices trading is more deadlocked

During the Asian session, London copper was strongly volatile, and the latest quotation at 15:01 Beijing time was 9586 US dollars / ton, up 51 US dollars, or 0.
53%.

In terms of the market, today's domestic spot copper prices rose, 1# copper price was reported at 70270 yuan / ton, up 230 yuan, premium 160-liter 220; Guangdong spot 1# copper price reported 70220 yuan / ton, up 270 yuan; Yangtze River spot 1# copper 70330 yuan / ton, up 230 yuan, premium 220-liter 240; Shanghai spot 1# copper price was 70340 yuan / ton, up 325 yuan
.

In the spot market, merchants are eager to sell, receivers are afraid of heights, trading at high prices is more deadlocked, and transaction activity is lower
than yesterday.
The risk of strike at copper mines in South America has not been completely lifted, coupled with the intensifying domestic supply disturbance affecting refined copper production, and the inventory of Shanghai copper warehouse receipts has maintained a downward trend, and the short-term copper price is strong
.

In terms of news, the risk of copper mine strike has not been lifted, Chile's Caserones copper mine began to strike, Andina copper mine two unions voted to plan a strike, Escondida trade union and BHP Billiton reached a preliminary salary plan, waiting for workers to vote, and the tight supply of scrap copper has not improved, the refined waste price spread is still running below a reasonable level, superimposed consumption resilience still exists, and copper prices are rising
.