Shanghai copper volatility is strong, downstream demand is general

During the Asian session, London copper opened high and went higher, and the latest quotation at 15:00 Beijing time was 7907 US dollars / ton, up 153.
5 US dollars, or 1.
98%.

In terms of the market, today's domestic spot copper prices rose slightly, Yangtze River non-ferrous metal network 1# copper price was reported at 58090 yuan / ton, up 140 yuan, premium 40-100 liters; Guangdong spot 1# copper price was 58050 yuan / ton, up 150 yuan; Yangtze River spot 1# copper price 58160 yuan / ton, up 150 yuan, premium 120-liter 140; Shanghai spot 1# copper price was 58055 yuan / ton, up 145 yuan
.

In the spot market, the holders hold the price, the receiving sentiment is not high, and the downstream demand is general
.
The negative impact of the epidemic on the domestic economy has further faded, with China's Caixin manufacturing PMI at 53 in December, 1.
9 percentage points slower than the previous month's decade-high and still at recent highs, as the expansion of factory activity boosted confidence
in the demand outlook.

In terms of news, copper stocks in the previous period last week increased by 11,530 tons to 86,679 tons, which has accumulated for the second consecutive week, and the impulse of domestic smelters at the end of the year shows signs; However, the performance of terminal consumption is better, the prosperity of the automotive industry continues to recover, the air conditioning industry ushered in a recovery, and spot copper prices are expected to rise or fall little
.