The trend of nonferrous varieties is moderate, and the Shanghai copper shock is mainly stable

During the National Day, the domestic market is closed
.
In terms of external trading, LME rose by 1.
28% during the National Day holiday, but inventories have been significantly higher since late September, while the premium is due to the closure of the Chinese market and the window period of demand and also turned from positive to negative
.

The average price of electrolytic copper in Foshan in Nanchu: 51400 yuan, up 280, the monthly discount quotation: -20 to 80, up 40
.
The Shanghai copper plate opened high and low, and the arrival of Guangdong stocks of National Day futures increased sharply to more than 93,000 tons, but market consumption did not boost much, the premium opened high and went low, and the transaction was weak
.
In the morning, flat water copper flat water reported, good copper quotation premium 80 yuan / ton, the market rarely traded, the holder continued to reduce the premium, the discount quotation did not exchange a large number of transactions, around ten o'clock, the flat water copper market quotation has dropped to a discount of 20, ushering in a small number of transactions; The market is mostly priced in the South Reserve, and the market premium does not change much after pricing, until the morning close
.
The premium copper is 80 yuan / ton for the month; Flat water copper discount 20 yuan / ton
.

The average price of electrolytic copper in Shanghai in Nanchu: 51530 yuan, up 300, the monthly discount quotation: 120 to 200, up 60
.
Shanghai copper fell low volatility, the pre-holiday effect of the spot market has not completely dissipated, the morning market price sentiment is high, flat water copper quotation as high as 150 yuan / ton, good copper premium 220 yuan / ton, later the price quickly falls; At about ten o'clock, flat water copper fell back to about 110-120 yuan / ton; At the beginning of the second trading session, Pingshui copper reported a premium of 110 yuan / ton, and the trading sentiment was not much different
from before the holiday.
On the whole, holders want to raise the price of the premium, but the lack of market demand still affects the trend of the premium, traders maintain a wait-and-see attitude in the face of the uplift, and the trading atmosphere is weak
.
Copper premium to the current month premium 200-210 yuan, up 50; flat water copper premium 110-120 yuan, up 45; Wet copper premium 20-40 yuan, up 50
.

Entering October, the volatility of high asset prices in global financial markets has further intensified, and it continues to rebound, hoping that the new crown epidemic will improve and a new round of economic stimulus measures will be introduced
as soon as possible 。 At present, considering the risk appetite of the global financial market with the new crown epidemic, economic stimulus measures and the Politburo situation, overseas financial markets, especially the stock market and commodities, systemic risks are greater, and the Chinese market has played the role of economic stabilizer and asset haven, in the context of increased two-way fluctuations of copper and aluminum high levels led by macro factors, the expectation of the traditional peak season of non-ferrous gold nine silver ten has weakened, and the medium line focuses on the monetary and fiscal stimulus policy guidance
before the US election.