Shanghai copper runs at a high level and the market transaction is quiet

During the Asian session, London copper opened high and low, and the latest quotation at 15:00 Beijing time was 8859 US dollars / ton, down 115 US dollars, or 1.
28%.

In terms of the market, today's domestic spot copper prices rose sharply, Yangtze River non-ferrous metal network 1# copper price was 66540 yuan / ton, up 1780 yuan, discount 40-liter 20; Guangdong spot 1# copper price was reported at 66570 yuan / ton, up 1760 yuan; Yangtze River spot 1# copper 66670 yuan / ton, up 1860 yuan, premium 20-liter 40; Shanghai spot 1# copper price was 66480 yuan / ton, up 1745 yuan
.

In the spot market, traders trade cautiously, buy downstream, and trade quietly
.
The US stimulus package has improved the economic outlook, and the supply of copper concentrate is tight, but US Treasury yields have soared, Shanghai copper inventories have continued to recover, and copper prices have been volatile
.

Fundamentally, the CSPT team finalized the copper concentrate processing fee floor price for the first quarter of 2021 at US$53/mt and US$5.
3/lb.
Decreased by $5 and 0.
5 cents from the fourth quarter of 2020, indicating that the market is still pessimistic about the future supply of copper concentrate, and on the demand side, China's current control of the new crown epidemic is still very successful, and the new energy and new infrastructure sector will continue to pull copper demand.