Shanghai copper is strong and volatile, and market demand has not seen a significant improvement

In terms of external trading, during the Asian session, London copper trend is strong, Beijing time at 15:00, the latest quotation of 5832 US dollars / ton, up 18 US dollars, or 0.
31%.

In terms of the market, today's domestic spot copper prices rose slightly, Yangtze River non-ferrous metal network 1# copper price was reported at 47470 yuan / ton, up 70 yuan, 100-160 liters; Guangdong spot 1# copper price was 47430 yuan / ton, up 80 yuan; Yangtze River spot 1# copper price 47510 yuan / ton, up 70 yuan, premium 160-liter 180; Shanghai spot 1# copper price was 47465 yuan / ton, up 100 yuan
.
In the spot market, the willingness of holders to hold prices remains unchanged, the premium is high and difficult to fall, the downstream stops and watches, and the transaction continues to be light
.
Although China emphasizes the strength of micro policies and there are expectations of improvement in peak season consumption, the uncertainty of the economic outlook and monetary policy of the world's major economies is strong, and there is still pressure
above copper prices.

According to institutional statistics, the operating rate of wire and cable enterprises in August increased by 2.
72 percentage points year-on-year, a slight decline month-on-month, better than expected, cable orders performed better, while the operating rate of copper pipe enterprises fell
year-on-year.
Copper company operating rates are mixed, demand has not seen a significant improvement, the current copper market lacks new upward momentum, and spot copper prices are expected to rise or fall little today
.