Shanghai copper opened high and went high, and the market transaction was quiet

During the Asian session, London copper opened high and went higher, continuing to refresh the record high, the latest quotation at 15:01 Beijing time was 10689 US dollars / ton, up 276.
5 US dollars, or 2.
66%.

Today's domestic spot copper prices soared, Yangtze River nonferrous metal network 1# copper price was reported at 77,000 yuan / ton, up 2,800 yuan, discount 30-liter 30; Guangdong spot 1# copper price was reported at 76950 yuan / ton, up 2800 yuan; Yangtze River spot 1# copper 77050 yuan / ton, up 2770 yuan, discount 10-liter water 10; Shanghai spot 1# copper price was 76900 yuan / ton, up 2730 yuan
.

In the spot market, traders are afraid to wait and see, downstream just need to purchase, and the transaction is quiet
.
Green energy investment has increased sharply, the global economy is recovering from the pandemic, demand will increase further, while copper concentrate supply remains tight, supporting rising prices
.

Copper stocks rose by 8,603 tonnes to 208473 t last week, following two consecutive weeks of modest declines
.
The lower house of Chile's Congress passed a bill that includes a floating tax on copper sales based on copper price fluctuations, which industry analysts say will at least cause delays in Chile's new copper projects
.
Glencore's CEO believes that copper prices need to grow to 15,000 bad luck to drive new supply, and renewable energy development will drive consumption growth in the long term, and spot copper prices are expected to rise
sharply.