Shanghai copper opened high and went high, hitting a more than seven-year high

During the Asian session, London copper ran high, and the latest quotation at 15:00 Beijing time was 7672.
5 US dollars / ton, up 167 US dollars, or 2.
23%.

In terms of the market, today's domestic spot copper prices rose sharply, Yangtze River nonferrous metal network 1# copper price was reported at 57520 yuan / ton, up 1980 yuan, 120-180 liters; Guangdong spot 1# copper price was 57520 yuan / ton, up 1970 yuan; Yangtze River spot 1# copper price 57610 yuan / ton, up 1980 yuan, premium 210-liter 230; Shanghai spot 1# copper price was 57200-57440 yuan / ton, up 1680 yuan
.

In the spot market, the willingness of receivers to reduce prices is strong, and the downstream just needs to purchase, and the overall trading is
deadlocked.
Political uncertainty in the United States has cooled, China's economy has gradually recovered, and terminal demand has continued to improve, supporting copper prices to continue to rise
.

In the short term, domestic downstream demand remains resilient, consumption is significantly better than expected at the beginning of the month, scrap copper tension and high spot premium of electric copper still support copper prices strong, macro whether vaccine speculation or new stimulus plans in Europe and the United States are expected to continue to be positive, short-term US dollars if the break after accelerating the decline, good for commodities
.
Shanghai copper rose and held stable growth, the momentum is still strong, and the bull pattern has not changed
.