Shanghai copper is running strongly, and the increase has expanded during the day

During the Asian session, London copper rebounded at a low level, and the latest quotation at 15:01 Beijing time was 8501 US dollars / ton, up 6 US dollars, or 0.
07%.

Today's domestic spot copper prices fell slightly, Yangtze River spot 1# copper reported 66450 yuan / ton, down 100 yuan, liter 250-liter 290; Yangtze River Comprehensive 1# copper price reported 66420 yuan / ton, down 50 yuan, premium 180-300 liters; Guangdong spot 1# copper price reported 66380 yuan / ton, flat, premium 100-300 liter; Shanghai spot 1# copper price was 66310 yuan / ton, down 20 yuan
.

In the spot market, a large number of holders dumped goods to press the water, the market trading was gradually light and cautious, the receiving party entered the market buying sentiment was insufficient, the overall transaction enthusiasm contracted, and the performance was not good
.
On Wednesday, China announced the most thorough optimization of epidemic prevention and control measures, boosting market sentiment and metal demand prospects, while Glencore Group's cut in copper production forecasts caused supply concerns, coupled with low inventories, Shanghai copper is running strongly, but weak consumption is difficult to change, which will limit copper price gains
.

Today's Shanghai copper opened higher in early trading, and the latest opening price of the main monthly 2301 contract was 66030 yuan / ton, up 170 yuan
.
Glencore's cut in next year's copper production forecast has sparked supply concerns, and China's copper imports have increased to show demand is still resilient, with unwrought copper and copper products imported in November up 5.
8 percent
from a year earlier, according to customs data.
In addition, the optimization of domestic epidemic prevention policies, the market risk appetite is stronger under the expectation of economic recovery, and the tightening of domestic crude copper supply has led to the destocking of inventories, coupled with the fact that spot circulation is still tight, therefore, the support below the copper price is also strong, and copper may rise
slightly.