Shanghai copper strong trend Market demand is slightly flat

During the Asian session, London copper fluctuated to close the sun, and the latest quotation at 15:01 Beijing time was 9493 US dollars / ton, up 98 US dollars, or 1.
04%.

In terms of the market, today's domestic spot copper prices rose sharply, Yangtze River nonferrous metal network 1# copper price was reported at 70060 yuan / ton, up 1140 yuan, premium 50-liter 110; Guangdong spot 1# copper price was reported at 70030 yuan / ton, up 1160 yuan; Yangtze River spot 1# copper 70130 yuan / ton, up 1140 yuan, premium 130-liter 150; Shanghai spot 1# copper price was 70,000 yuan / ton, up 1,240 yuan
.

Spot copper prices rose sharply, holders chose to wait and see, a few receivers entered the market to inquire, demand was flat, the overall trading atmosphere was mainly shipments, and the trading volume was average
.
Copper inventories on domestic and foreign exchanges have declined, new energy demand is strong, and scrap copper supply continues to be tight, Malaysia will raise the standard of imported copper scrap at the end of October, and strong fundamentals support copper prices to continue to rebound
.

In terms of news, domestic growth expectations are still there, and the import window is open again, upstream copper mine imports remain high, which is conducive to boosting copper prices, coupled with the growth of new energy vehicle sales, retail sales reached 249,000 units, an increase of 12.
0% month-on-month, which has driven copper consumption to a certain extent, and spot copper prices are expected to rise
.