Shanghai copper runs strongly, and low inventory logic continues to support copper prices

During the Asian session, London copper ran in a narrow range at a high level, and the latest quotation at 15:01 Beijing time was 8515 US dollars / ton, up 53 US dollars, or 0.
63%.

In the spot market, the holders have mainly shipped, the downstream sentiment of taking goods has risen slightly, and the transaction is the main thing, and the overall transaction is still weak
.
The US CPI data for November "stepped on the brakes", the US dollar index fell across the board to benefit risk assets, the tight domestic supply pattern did not change, the logic of low inventories continued to be effective, and Shanghai copper was strongly volatile
.

Today's domestic spot copper prices rose, Yangtze River spot 1# copper reported 66840 yuan / ton, up 610 yuan, liters 100-140; The Yangtze River Comprehensive 1# copper price was reported at 66920 yuan / ton, up 660 yuan, and the premium was 140-260; Guangdong spot 1# copper price was 66990 yuan / ton, up 710 yuan, premium 170-370; Shanghai spot 1# copper price was 66740 yuan / ton, up 570 yuan
.

Shanghai copper opened higher in early trading today, and the latest opening price of the main month 2301 contract was 66290 yuan / ton, up 380 yuan
.
Domestic refined copper production is less than expected, the tight supply of crude copper has obviously overhauled the output of enterprises, it is expected that December production is still at risk of falling, coupled with the continued decline in copper inventories in a month, so the low inventory logic continues to support copper prices, the current signs of weakening fundamentals are not very strong, copper or rise
.