Shanghai copper continues to rise The overall market transaction is limited

During the Asian session, London copper opened high, and the latest quotation at 15:01 Beijing time was 10237.
5 US dollars / ton, a new record high, up 122 US dollars, or 1.
21%.

In terms of the market, today's domestic spot copper prices rose sharply, Yangtze River nonferrous metal network 1# copper price reported 74200 yuan / ton, up 1420 yuan, discount 80-discount 20; Guangdong spot 1# copper price reported 74150 yuan / ton, up 1400 yuan; Yangtze River spot 1# copper 74280 yuan / ton, up 1430 yuan, discount 0-liter 20; Shanghai spot 1# copper price was 74170 yuan / ton, up 1370 yuan
.

In the spot market, long-term trading is the mainstay, and the downstream maintains rigid demand, and the overall transaction is limited
.
The lower house of Chile's Congress passed a bill to increase taxes on the sale of copper, lithium and other metals, raising concerns about investment in the country, affecting global supply and supporting copper market fundamentals
.

In terms of news, green investment has long driven demand growth, Goldman Sachs called copper "new oil"; Chilean copper production has declined, and global copper mine supply has recovered less than expected; At present, the domestic market is in the traditional peak season, the inventory inflection point may have appeared, and the spot copper price is expected to rise
.