Shanghai copper remained strong and stood at the 50,000 integer mark

During the Asian session, London copper opened high and went higher, and the latest quotation at 15:00 Beijing time was 5323 US dollars / ton, up 87 US dollars, or 1.
40%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River nonferrous metal network 1# copper price was reported at 50640 yuan / ton, up 820 yuan, premium 20-liter 80; Guangdong spot 1# copper price reported 50710 yuan / ton, up 890 yuan; Yangtze River spot 1# copper price 50680 yuan / ton, up 750 yuan, premium 80-liter 100; Shanghai spot 1# copper price was 50580 yuan / ton, up 730 yuan
.
Holders have a high willingness to cash out, downstream consumption has not improved, and traders are difficult to do
.
Concerns about copper supply in Chile and the resurgence of disturbances in African mines have driven copper prices to continue to rise, and there is strong support on the supply side, and copper prices remain high in the short term
.

The improvement in economic data in Europe and the United States in June has led to a recovery in market confidence, and optimistic expectations about the imminent introduction of a new round of stimulus measures in the United States have also boosted market risk appetite, but the synchronous increase in the number of confirmed cases of the epidemic has weakened investors' optimism to some extent, and there is a risk
of slowing down the subsequent economic repair process.
In recent months, China's consumption margin has weakened, copper inventories have turned down to rise, and downstream orders have performed poorly, and it is expected that the short-term trend of Shanghai copper may be weak
.