Shanghai copper rose sharply and end-market demand performed well

During the Asian session, London copper opened high, Beijing still 15:00 latest quotation of 7173.
5 US dollars / ton, up 173.
5 US dollars, or 2.
48%.

In terms of the market, today's domestic spot copper prices rose sharply, Yangtze River non-ferrous metal network 1# copper price was reported at 53850 yuan / ton, up 1850 yuan, premium 190-liter 250; Guangdong spot 1# copper price was 53720 yuan / ton, up 1820 yuan; Yangtze River spot 1# copper price 53880 yuan / ton, up 1790 yuan, premium 220-liter 240; Shanghai spot 1# copper price was 53300 yuan / ton, up 1280 yuan
.

In the spot market, the receiver just needs to receive the goods at a low price, the downstream buying is not high, a small amount of just need to purchase, and the overall transaction is quiet
.
Demand picked up due to good auto production and sales, Shanghai copper inventories have fallen significantly recently, and China's entry into the world's largest free trade zone has boosted market sentiment, but refined copper output has grown steadily, and copper prices have room
for correction.

Domestic end-market demand performed well, automobile production and sales showed growth for seven consecutive months, real estate development investment increased, and electricity consumption increased year-on-year in September; Weekly inventories in the last period continued to fall sharply, falling by more than 10% last week, and spot copper prices are expected to rise
.