Shanghai copper runs at a high level, and the market transaction is light

During the Asian session, London copper rushed back down, and the latest quotation at 15:01 Beijing time was 9690 US dollars / ton, up 2 US dollars, or 0.
03%.

In terms of the market, today's domestic spot copper prices rose sharply, 1# copper price was 71360 yuan / ton, up 1300 yuan, 60-120 liters; Guangdong spot 1# copper price was 71300 yuan / ton, up 1270 yuan; Yangtze River spot 1# copper 71410 yuan / ton, up 1280 yuan, premium 110-liter 130; Shanghai spot 1# copper price was 71475 yuan / ton, up 1475 yuan
.

In the spot market, holders actively dump goods for cash, downstream fears heights, receivers mostly maintain just need to buy, demand is limited, and the overall transaction is light
.
The Biden administration's suspension of the world's largest gold and copper mine has increased the supply disturbance of copper mines, and the domestic power and environmental protection impacts have continued to decline, and refined copper production has further declined, coupled with the decline in domestic and external copper inventories, supporting the center of gravity of copper prices
.

Industry highlights, Kansanshi miners staged a sit-in protest against the private pension system
.
The Biden administration will halt the development of the PebbleMine, the world's largest gold and copper mine, to protect the ecology
.

Global copper inventories continued to decline, especially domestic copper inventories were significantly lower and significantly lower than previous years, and domestic power production restrictions, electrolytic copper production in August fell by 1.
3% month-on-month, and copper prices are expected to rise
.