The center of gravity of Shanghai copper has steadily moved upward, accelerating short-paced oscillations to the upside

Copper rose sharply on Friday, the atmosphere of spot premium holding was weakening, trade and downstream willingness to receive goods was lacking, and holders showed obvious sentiment of cashing in at high prices, increasing shippers, and there was room
for price reduction.
Guangdong 1# electrolytic copper spot pair contract premium of 170 ~ 200, the average price increased by 40; Wet copper reported a premium of 120 ~ 130, and the average price increased by 30
.
The average price of 1# electrolytic copper was 42485 yuan / ton, up 810 yuan / ton, and the average price of wet copper was 42425 yuan / ton, up 800 yuan / ton
.

Intraday trading remained light
.
The high premium of domestic trade spot fuel import demand, and bills of lading arriving at Hong Kong in late April and early May are still in short supply, and traders quote high prices
for scarce sources.
The buyer appropriately raised the price expectation, and the price of the bill of lading rose in light trading
.
The price of warehouse receipts is relatively stable, and the price difference between bills of lading and warehouse receipts has narrowed
recently.
The transaction price of the bill of lading arriving in mid-to-late May was lower than in recent months, and some traders still had expectations for the upside of the premium, so they chose not to report
the goods.

In terms of stocks, LME copper stocks 265425 tonnes on Friday, up 4,600 tonnes, or 1.
76%,
from the previous session.

Shanghai copper 2006 opened high and went higher in 2006, closing at 42280, receiving the news that the United States plans to restore the economy, accelerating the short-paced shock upward, the center of gravity steadily moved upward, and paid attention to the sustained upward momentum
in the later period.