Domestic economy boosts market expectations Shanghai copper trend is strong

During the Asian session, London copper opened low and went low, and the latest quotation at 15:01 Beijing time was 10,012 US dollars / ton, down 68 US dollars, or 0.
67%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 71550 yuan / ton, up 670 yuan, premium 20-liter 80; Guangdong spot 1# copper price was 71490 yuan / ton, up 810 yuan; Yangtze River spot 1# copper 71580 yuan / ton, up 700 yuan, premium 60-liter 100; Shanghai spot 1# copper price was 71550 yuan / ton, up 675 yuan
.

In the spot market, the holder ships at a high price, the receiver purchases on demand, the trading atmosphere is light, and the transaction deviation
.
The intensifying geopolitical situation in Russia and Ukraine, raising the risk of inflation and supply disruptions, boosted the price of non-ferrous commodities, while the domestic economy remained resilient, boosting market expectations, and copper prices were running
strongly in the short term.

Overall, the market focus is still on the direction of the situation in Russia and Ukraine, and the current conflict situation is difficult to alleviate in the short term, adding to the uncertainty of the global economy, while the non-ferrous metal supply disruption continues to exacerbate market concerns to promote the non-ferrous collective red, coupled with the resilience of the domestic economy, of which the unexpected expansion of factory activity in February is expected to rise in copper
.