The center of gravity of copper prices is expected to continue to rise, and it is important to see whether the bulls can continue to exert strength

In terms of external trading, Apanlon copper opened at 5931 US dollars / ton, and the lowest point of the day was 5924.
5 US dollars / ton
at the beginning of the session.
Shanghai copper opened, London copper rose rapidly to 5972 US dollars / ton position, around 5975 US dollars / ton first-line shock adjustment
.
In the afternoon, bulls increased their positions and pulled London copper up to an intraday high of $5993/ton, and then the bears entered to suppress London copper to fall to around $5954/ton, and then the market rebounded again at about $21/ton
.
Entering the European session, London copper still does a wide range
of 5950-5980 US dollars / ton around the daily moving average.
As of 17:00, London copper closed at 5963.
5 US dollars / ton, up 20.
5 US dollars / ton, or 0.
34%.

After the holiday, the Shanghai copper gap opened high and high, and the copper price rose sharply to close to the 48,700 yuan / ton line, an increase of more than 600 yuan / ton
.
In the last two days of the end of the month, the market funds and settlement are nearing the end, and the morning market holders quote a premium of 180~200 yuan / ton, and the market reacts cautiously; Small and medium-sized traders in the high cash under the quotation slightly relaxed, flat water copper concentrated transaction in the premium 160 ~ 170 yuan / ton, good copper quotation premium 180 yuan / ton, low-price source of goods favored by traders high, downstream fear of heights most wait for the market after the cross-month period, wet copper in the case of few transactions to reduce the range, the quotation from the morning premium of about 140 yuan / ton straight down to about
100 yuan / ton.

The bulls performed strongly, copper prices rose again, inventories fell fast and the data was low, copper will still maintain the characteristics of strong futures, and the premium will continue to be strong
.
In the afternoon, the high level of the plate fell back to about 48450 yuan / ton, due to the end of the month, most of the buying stops, the holder has no choice but to reduce the premium, flat water copper quotation premium 130-140 yuan / ton, good copper premium 140-150 yuan / ton, the transaction price with the plate fell to 48560-48700 yuan / ton
.

During the market break during the Dragon Boat Festival, affected by supply concerns, the price of London copper once exceeded the $6,000 mark, and the Shanghai copper gap opened high and ran
at a high level during the day.
The epidemic situation in South America continues to worsen, and there is uncertainty
in mine supply.
Chile's national copper company said it would suspend the operation of its copper smelter and foundry in Chuquicamata, and concerns about the tight supply of copper have intensified
.
In addition, the performance of domestic consumption is still strong, and in the context of the tight copper supply situation, copper demand continues to recover to support the high operation of copper prices
.

At present, Shanghai copper has basically made up for the gap caused by the outbreak of the domestic epidemic, from the fundamental and technical point of view, the center of gravity of copper price operation is expected to continue to rise, pay attention to whether the bulls can continue to exert force, support copper prices to rise back to the pre-epidemic operating platform range
.