Shanghai copper runs at a high level, and the overall trading volume of the market is light

During the Asian session, London copper jumped higher, and the latest quotation at 15:01 Beijing time was 9664 US dollars / ton, up 22 US dollars, or 0.
22%.

Today's domestic spot copper prices rose slightly, Yangtze River nonferrous metal network 1# copper price was reported at 69940 yuan / ton, up 310 yuan, premium 110-liter 170; Guangdong spot 1# copper price reported 70040 yuan / ton, up 520 yuan / ton; Yangtze River spot 1# copper 69990 yuan / ton, up 370 yuan, premium 160-liter 200; Shanghai spot 1# copper price was 69885 yuan / ton, up 340 yuan
.

In the spot market, holders maintained a strong price sentiment and were not willing to adjust prices, while the downstream continued to maintain a wait-and-see situation, the overall transaction was light, and the trading was
deadlocked.
Copper prices have rebounded recently, supported by tight supply concerns and the recovery of risk appetite, but the downstream market is still relatively light, and copper price gains are limited
.

Copper prices rose slightly overnight, supported
by low inventories.
Global inventories are generally low at present, with LME inventories falling slightly yesterday and falling again last week
.
The overall performance of supply is stable, and the market is concerned about the strength
of domestic counter-cyclical adjustment.
Short-term copper prices are more likely to fluctuate in a wide range
.
It is recommended to pay attention to Chilean mine production, copper downstream starts, inventory and spot conditions
.