Shanghai copper maintained a strong trend and the short-term cumulative increase was large

In terms of the external market, Trump-elect president's speech to promote strengthening infrastructure, detonating the whole market, the market is still digesting the good news, Shanghai copper sealed in the limit within 15 minutes of the opening, London copper opened at 5418.
5 US dollars / ton, after the opening of the commodity market is hot, copper prices straight up to around 5615 US dollars / ton, bulls take a breather, copper prices fell back to the daily moving average, confirmed strong after slowly rising, the European session LME announced copper inventories reduced by 7650 tons, copper prices again pulled up to a 16-month high of 5714 US dollars / ton, the high triggered the long liquidation, copper price high retreated, as of 17:10, London copper was reported at 5640 US dollars / ton
.

On the one hand, the infrastructure advocated by Trump is believed by the market to be conducive to the medium and long-term economic development of the United States and will increase the demand for non-ferrous metals, on the other hand, Trump's election to the Republican Party controls the Senate and House of Representatives, that is, the entire Congress, which means that policies conducive to the United States will be more smoothly reviewed by Congress and effectively implemented, and there will be no "power sidelining" that will affect the implementation of policies
.

In terms of the market, the major contracts of Shanghai copper rose to the limit across the board, the rally of London copper continued, and the import loss increased, making it difficult for spot holders to cope for
a while.
Later, the holders of goods began to ship, partly due to the amount of import losses, the quotation soared to more than 1,000 yuan / ton, which was rare during the year, and with the high level of the external market, the import loss has eased, and the premium quotation has been lowered
accordingly.
The other part only approves the current copper premium quotation with the customer, and the futures plate waits for the futures price to open the price after the futures limit board opens, so the general quotation is 100 yuan / ton - 200 yuan / ton of premium, and the morning copper price limit board has not been opened
.
Intraday speculators and downstream are difficult to operate, the market transaction is few, after the sharp rise of copper futures, the spot market gradually began to show signs of lack of follow-up, the future market spot premium will be opened after the copper stop board opened, following the fluctuation of the Shanghai ratio, gradually return to normal rationality
。 In the afternoon, the London copper plate continued to rise, the import loss further expanded to about 1500 yuan / ton, the premium soared again, the flat water copper premium rose to 900 yuan / ton - 1150 yuan / ton, the premium copper premium rose to 950 yuan / ton - 1250 yuan / ton, the transaction price was 44850 yuan / ton - 45200 yuan / ton, the market still could not point the price, almost no transaction
.

Overall, the market bullish atmosphere is still strong, copper prices continue to maintain a strong trend, short-term cumulative gains are large, operational attention to risks, first maintain wait-and-see
.