The macro side still boosts Shanghai copper fluctuates at a high level

During the Asian session, London copper was strongly volatile, and the latest quotation at 15:00 Beijing time was 8113.
5 US dollars / ton, up 40.
5 US dollars, or 0.
50%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River nonferrous metal network 1# copper price was reported at 59340 yuan / ton, up 160 yuan, premium 130-liter 190; Guangdong spot 1# copper price was 59270 yuan / ton, up 200 yuan; Yangtze River spot 1# copper price 59430 yuan / ton, up 170 yuan, premium 210-liter 230; Shanghai spot 1# copper price was 59330 yuan / ton, up 170 yuan
.

In the spot market, the wait-and-see mood is strong, the receiving sentiment is not good, and the downstream consumption is general
.
Fundamental support is limited, domestic inventory inflection point has appeared, consumption is seasonally weakening, but the macro is still boosted, the market expects the United States to introduce more stimulus measures, and the development of new energy industries in major countries has led to an increase
in consumption.

In terms of news, China Internet of Things looks forward to 2021, the growth rate of the global manufacturing industry will accelerate, and the recovery trend may be strengthened, but the impact of the epidemic is still going on, and the economic recovery is still facing challenges; China's auto market will grow slowly this year, policy encouragement to support the production and sales of automobiles, new energy vehicle production and sales continue to maintain the world's lead, spot copper prices are expected to rise
today.