Shanghai copper rose strongly, and the futures price hit a new high in the past two months

During the Asian session, London copper first fell and then rose, narrow range, the latest quotation at 15:01 Beijing time was 8974 US dollars / ton, up 37 US dollars, or 0.
41%.

In the spot market, the quotation of the holder is not positive enough, the downstream enters the off-season consumption, the stocking sentiment is general, the receiver maintains a cautious wait-and-see mentality, and the overall trading volume is limited
.
The weak dollar continued to hover near seven-month lows, boosting market risk sentiment, and favorable domestic policies drove a bullish atmosphere, with Shanghai copper performing strongly, rebounding to near the 68,000 line, hitting a two-month high
.

Today's domestic spot copper prices rose sharply, Yangtze River spot 1# copper reported 67590 yuan / ton, up 980 yuan, premium 50-liter 90; The Yangtze River Comprehensive 1# copper price was reported at 67580 yuan / ton, up 1010 yuan, and the premium was 0-120; Guangdong spot 1# copper price was reported at 67560 yuan / ton, up 1040 yuan, discount 60-liter 120; Shanghai spot 1# copper price was 67500 yuan / ton, up 1020 yuan
.

Today's Shanghai copper continued to open higher in early trading, and the latest opening price of the main monthly 2303 contract was 67320 yuan / ton, up 780 yuan
.
Strongly boosted by favorable domestic policies, coupled with the full opening of borders to fuel hopes for economic recovery, market sentiment has risen sharply, metal demand prospects are optimistic, and overall inventories are low to support prices, copper prices are more resilient, copper may rise
.