Shanghai copper opened high and the rally was still beautiful

During the Asian session, London copper fluctuated downward, and the latest quotation at 15:01 Beijing time was 9103 US dollars / ton, down 65 US dollars, or 0.
71%.

On the macro front, the macro atmosphere has been warm recently, the dollar index in the peripheral market hovered near the 7-month low, the Fed slowed down the expectation of interest rate hikes strengthened, the market risk appetite improved, and most of the peripheral metals moved up, of which London copper touched the 9000 line
.
Domestically, real estate-related benefits are frequent, and the market has strong expectations for future demand improvement, which also boosts the trend of metals
.

In terms of the market, today's domestic spot copper prices soared, Yangtze River spot 1# copper reported 68530 yuan / ton, up 940 yuan, premium 50-liter 90; Yangtze River comprehensive 1# copper price reported 68500 yuan / ton, up 920 yuan, discount 20-liter 100; Guangdong spot 1# copper price reported 68460 yuan / ton, up 900 yuan, discount 100-liter 100; Shanghai spot 1# copper price was 68440 yuan / ton, up 940 yuan
.

In the spot market, the festive atmosphere is gradually stronger, the downstream stocking sentiment is becoming lighter and lighter, and the procurement under high copper prices is more cautious and wait-and-see, but the deliverable supply is tight, and the overall trading volume is also limited
.
Macro expectations continue to improve, the weak dollar continues to hover around the seven-month low, the metal trend is generally upward, of which Shanghai copper hit a seven-month high, is expected to rush up to the 60,000-nine pressure level, but it is necessary to be wary that the weak reality is still a stumbling block
to copper prices.