Shanghai copper is strong and volatile, and the intraday rally narrows

During the Asian session, London copper opened high and down, and the latest quotation at 15:01 Beijing time was 7760 US dollars / ton, down 50 US dollars, or 0.
63%.

Today's domestic spot copper prices rose, Yangtze River spot 1# copper 63660 yuan / ton, up 670 yuan, premium 910-liter 950; The Yangtze River Comprehensive 1# copper price was reported at 63580 yuan / ton, up 750 yuan, and the premium was 790-910; Guangdong spot 1# copper price was reported at 63490 yuan / ton, up 820 yuan, premium 660-liter 860; Shanghai spot 1# copper price was 63520 yuan / ton, up 700 yuan
.

In the spot market, spot goods are still tight, holders are willing to hold prices, under the pattern of high premiums, downstream fear of heights and in a wait-and-see state, the overall trading volume is difficult to reflect
a lot.
The interest rate meeting hit, the market sentiment was more cautious, and the US dollar remained high, and the overall pressure on copper prices narrowed
.

Today's Shanghai copper opened higher in early trading, and the latest opening price of the main monthly 2210 contract was 62980 yuan / ton, up 970 yuan
.
China's copper supply is still tight and the overall inventory is low, in last week's inventory data, domestic electrolytic copper social inventory fell by 5,300 tons, bonded zone inventory fell by 19,300 tons, superimposed favorable policies continue to make efforts downstream consumption has improved, power investment has driven a steady recovery in copper pole demand, coupled with new energy vehicle production and sales in August hit a record high, these favorable factors greatly stimulate copper consumption, forming a certain support for copper prices, and copper is expected to rise
.