The pace of downstream consumption accelerates Shanghai copper maintains a high level of operation

Externally, expectations that global central banks may join forces to rescue the market once again heats up, the strong rebound of the US stock market boosts the market, overnight London copper rebounded to a more than one-week high, the latest closing quotation of 5723 US dollars / ton, up 135 US dollars, or 2.
41%,

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 45350 yuan / ton, up 630 yuan, discount 120-discount 60; Guangdong spot 1# copper price reported 45300 yuan / ton, up 620 yuan; Yangtze River spot 1# copper price 45390 yuan / ton, up 620 yuan, discount 70-discount 50; Shanghai spot 1# copper price was 45360 yuan / ton, up 580 yuan
.
Holders are willing to raise prices, some downstream buyers are cautious, and the supply and demand sides are
deadlocked.

On the news front, Chile's mining minister said that once the epidemic subsides, copper prices should rise back above $3 due to strong fundamentals
.
At present, the overseas epidemic is still spreading rapidly, and external shocks may suppress the rebound height of copper prices
.

China's manufacturing sector was hit hard in February, but confidence in medium- to long-term economic enterprises is strong
.
The reduction of copper smelters and early maintenance have affected the supply of refined copper, more and more enterprises have resumed work and production, the pace of downstream consumption is accelerating, and spot copper prices are expected to rise
today.