Shanghai copper performed strongly and continued its volatile upward trend

During the Asian session, London copper bottomed out, and the latest quotation at 15:01 Beijing time was 7909 US dollars / ton, up 19 US dollars, or 0.
24%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River spot 1# copper 61500 yuan / ton, up 1000 yuan, premium 340-liter 380; The Yangtze River Comprehensive 1# copper price was reported at 61540 yuan / ton, up 970 yuan, and the premium was 340-460; Guangdong spot 1# copper price reported 61580 yuan / ton, up 950 yuan, premium 340-liter 540; Shanghai spot 1# copper price was 61420 yuan / ton, up 980 yuan
.

In the spot market, near the change of month, the quotation of the holder is slow, the receiver is afraid of the high and has no willingness to receive the goods, it is more difficult to trade spot under the high rise, and the trading activity is average
.
Strong US non-farm payrolls data boosted the dollar, but copper prices reflected flat, while overseas copper mine supply continued to be less than expected, domestic inventory warehouse receipts continued to decline and terminal demand improved, copper prices performed strongly upward, will continue the current volatile upward trend
.

In terms of news, the disturbance of copper mine production in South America has intensified, or will limit the upside of smelting and processing fees TC, while the domestic underpinning policy continues to be implemented, and metal-intensive infrastructure projects are launched to enhance economic growth, promote metal consumption, support market risk sentiment, and the supply and demand pattern has improved, the inventory in the previous period has decreased for four consecutive weeks, and the expansion of spot premiums will temporarily support prices, and copper is expected to rise
.