Market confidence boosted by positive policies The Shanghai copper rebound may continue

During the Asian session, London copper opened high and fluctuated downward, and the latest quotation at 15:01 Beijing time was 9669 US dollars / ton, down 66 US dollars, or 0.
68%.

In terms of the market, today's domestic spot copper prices are mixed, Yangtze River spot 1# copper 73140 yuan / ton, up 80 yuan, premium 230-liter 270; The Yangtze River Comprehensive 1# copper price was reported at 73,040 yuan / ton, up 20 yuan, and the premium was 90-210; Guangdong spot 1# copper price reported 72940 yuan / ton, down 40 yuan, discount 50-liter 150; Shanghai spot 1# copper price was 73040 yuan / ton, up 70 yuan
.

In the spot market, trading between traders is still suppressed, downstream on-demand procurement is dominant, and the overall buying interest is still cold
.
The unwavering prospect of Fed interest rate hikes boosted the strength of the US dollar, putting pressure on copper prices to the upside, although low inventories still supported, but downstream consumption performance was weak, and spot copper prices rose and fell limitedly
.

Shanghai copper opened higher today, and the latest opening price of the Shanghai copper 2207 contract was 72920 yuan / ton, up 220 yuan
.
The increase in protest strikes in South American copper mines has caused supply concerns, inventories have maintained a downward trend, of which the decline in LME inventories has been widening and the inventory in the previous period is only 40,000 tons, low inventories still support copper prices, market confidence is boosted by positive policies, the price rebound may continue, copper or rise
.