Shanghai copper runs strongly, and the short-term rebound height is not large

During the Asian session, London copper fluctuated trend, the latest quotation at 15:01 Beijing time was 9314 US dollars / ton, up 24 US dollars, or 0.
26%.

In terms of the market, today's domestic spot copper prices continued to rise, Yangtze River spot 1# copper 72230 yuan / ton, up 550 yuan, premium 460-liter 500; The Yangtze River Comprehensive 1# copper price was reported at 72220 yuan / ton, up 550 yuan, and the premium was 440-500; Guangdong spot 1# copper price was reported at 71940 yuan / ton, up 370 yuan, premium 70-270; Shanghai spot 1# copper price was 72215 yuan / ton, up 525 yuan
.

In the spot market, spot premiums continued to rise, holders continued to hold prices, receivers were cautious and wait-and-see, fear of heights gradually increased, a small amount of low-priced sources were added, and the overall transaction activity was weak
.
Oil prices continued to rise, boosting the rise in non-ferrous metal prices, and the concentrated release of domestic favorable policies, coupled with Shanghai's active promotion of the resumption of work and production, boosted market consumer confidence, but the domestic economic data in April was not good, and internal and external inventories were accumulating, and the short-term copper price rebound was not large
.

Overnight copper prices opened high and went high, Shanghai copper ran strongly during the day, London copper fluctuated trend, the market supply was tight, the willingness of cargo holders to raise prices was strong, the enthusiasm of receivers was high, the market activity was acceptable, and traders were relatively cautious
.
Copper prices are expected to rise due to good demand expectations, and copper prices are expected to remain strong in the short term
.