Shanghai copper is running strongly, and the market is long and short intertwined

During the Asian session, London copper was weak and volatile, and the latest quotation at 15:01 Beijing time was 9581 US dollars / ton, down 70 US dollars, or 0.
73%.

Today's domestic spot copper prices are mixed, 1# copper price is 72380 yuan / ton, up 200 yuan, premium 1510-liter 1570; Guangdong spot 1# copper price was 72140 yuan / ton, up 860 yuan; Yangtze River spot 1# copper 72100 yuan / ton, down 450 yuan, premium 1200-liter 1300; Shanghai spot 1# copper price was 71950 yuan / ton, down 450 yuan
.

In the spot market, the supply of goods is tight, the quotation and shipment of holders have slowed down, the downstream bearish enthusiasm has weakened, the purchase is not happy, and the overall transaction activity has decreased
compared with last week.
The domestic supply side is less than expected, coupled with the continuous destocking of copper stocks, which firmly supports copper prices, and the spot premium has strengthened sharply, and the trend of copper prices is strong
.

In terms of inventory, the domestic exchange inventory has been less than 40,000 tons, and the social inventory is less than 100,000 tons, both at a historical low
.

On the whole, the market is long and short intertwined, the domestic customs temporarily control the issuance of VAT invoices to make the spot premium crazy soaring, if the contradiction of input invoices can not be alleviated, the crazy state of premium may be difficult to subside, the current inventory inflection point has not yet arrived, copper price volatility situation may be maintained
.