Bottom support strengthens Shanghai copper continues to open strongly at night

During the Asian session, London copper was running weakly, and the latest quotation at 15:01 Beijing time was 7997 US dollars / ton, down 136 US dollars, or 1.
67%.

In terms of the market, today's domestic spot copper prices soared, Yangtze River spot 1# copper 66530 yuan / ton, up 1790 yuan, premium 80-liter 120; The Yangtze River Comprehensive 1# copper price was reported at 66530 yuan / ton, up 1840 yuan, and the premium was 40-160; Guangdong spot 1# copper price reported 66530 yuan / ton, up 1900 yuan, premium 0-200 liter; Shanghai spot 1# copper price was 66400 yuan / ton, up 1750 yuan
.

In the spot market, the spot premium has been sharply reduced, superimposed on the influx of imported copper, the holders have adjusted the price of shipments for cash, the receiver is bullish and actively enters the market, the sentiment of taking goods to replenish the stock is gradually increasing, the trading atmosphere is active, and the overall trading volume has risen
.
Macro pressure slowed down, the dollar index plunged to the largest one-day decline in 7 years, boosting the strong trend of copper prices, coupled with global exchange inventories are still at historical lows and the reappearance of major overseas copper mine disturbances caused supply concerns to heat up, copper price bottom support strengthened, so Shanghai copper soared under the influence of positive factors, hitting four highs
.

The disruption of supply from major overseas copper mines, as protests against the lockdown in Peru led to the start of reduced operations, triggering tightening concerns about supply, which supported copper prices, superimposed on exchange inventories at historic lows, rising metal imports in China boosted market sentiment, coupled with falling inventories in Shanghai, imported copper premiums firm, copper may rise
.