Shanghai copper runs strongly The actual trading volume of the market is average

During the Asian session, London copper fluctuated in a narrow range, and the latest quotation at 15:01 Beijing time was 9498 US dollars / ton, up 39 US dollars, or 0.
41%.

In terms of the market, today's domestic spot copper prices rose sharply, 1# copper price was reported at 70160 yuan / ton, up 1250 yuan, premium 330-390; Guangdong spot 1# copper price was reported at 69860 yuan / ton, up 1260 yuan; Yangtze River spot 1# copper 70220 yuan / ton, up 1220 yuan, premium 400-liter 420; Shanghai spot 1# copper price was reported at 70,060 yuan / ton, up 1,085 yuan
.

In the spot market, merchants actively ship, downstream on the rise, receivers maintain just need to buy, the overall trading is more active, the actual trading volume is average
.
Market risk appetite continues to rise, and at present, domestic copper scrap is tight, and the price spread of refined waste is narrowing, which is conducive to electrolytic copper consumption, coupled with the acceleration of Shanghai copper warehouse receipt inventory destocking, copper prices have recently become stronger
.

London-listed copper producer Antofagasta warned on Wednesday that a prolonged drought in Chile could affect production at its Los Pelambres copper mine, one of
the world's largest.

In terms of news, the long-term drought in Chile may affect the production of Los Pelambres copper mine, Los Pelambres copper mine is one of the world's largest copper mines, domestic smelters are still in a concentrated maintenance period in June, domestic electrolytic copper production continues to decline month-on-month, downstream cable demand picks up, copper prices rise
.