Shanghai copper opens high and goes high The overall trading volume of the market is limited

During the Asian session, the London copper high fluctuated in a narrow range, and the latest quotation at 15:01 Beijing time was 10,356 US dollars / ton, up 141 US dollars, or 1.
38%.

In terms of the market, today's domestic spot copper prices soared, Yangtze River non-ferrous metal network 1# copper price was reported at 76300 yuan / ton, up 1970 yuan, premium 250-liter 310; Guangdong spot 1# copper price was 76380 yuan / ton, up 1380 yuan; Yangtze River spot 1# copper 76370 yuan / ton, up 2210 yuan, premium 330-liter 350; Shanghai spot 1# copper price was 75955 yuan / ton, up 1905 yuan
.

In the spot market, the holders actively quote, the downstream bargain enters the market to inquire, the receiver still needs to purchase, the sentiment of under-the-price receipt continues, the trading activity is average, and the overall trading volume is limited
.
Global copper inventories continue to decline, coupled with the intensification of the global energy crisis and the strengthening of inflation expectations, as well as the impact of domestic limited electricity, electrolytic copper production has decreased, and downstream operating rates have continued to decline, and multiple factors have intertwined to strongly support copper prices
.

The impact of overseas supply chain crisis, energy crisis and inflation pushed copper prices, while domestic maintenance and power rationing, September copper cable operating rate was less than expected and continued to decline, September fine copper rod enterprises and copper plate strip foil enterprises operating rates were 71.
83% and 80.
71%, both down from the previous month, it is expected that the October operating rate will continue to decline, and spot copper prices are expected to rise
.