Shanghai copper short-term trend is strong, the market is still under pressure

During the Asian session, London copper opened low and high, the intraday trend was volatile, and the latest quotation at 15:01 Beijing time was 7731 US dollars / ton, up 57 US dollars, or 0.
74%.

In terms of the market, today's domestic spot copper prices continued to rise, Yangtze River spot 1# copper 61790 yuan / ton, up 800 yuan, premium 490-liter 530; The Yangtze River Comprehensive 1# copper price was reported at 61760 yuan / ton, up 850 yuan, and the premium was 4020-540; Guangdong spot 1# copper price was 61720 yuan / ton, up 890 yuan, premium 340-540; Shanghai spot 1# copper price was 61700 yuan / ton, up 870 yuan
.

In the spot market, the circulating supply is limited, the holders are holding the goods and selling the goods, and the receiving party is optimistic about entering the market and the inquiry is active, but the actual transaction volume is limited
.
Chile and Peru copper production are less than expected, while global copper inventories continue to be at an extremely low level, coupled with the central economic stabilization measures "combined fist" to support the economy, and high spot premiums still provide support for copper prices, intraday in multiple positive resonances, copper prices trend strong
.

Recently, copper prices have rebounded, mainly from macro support, the domestic announcement of a 2 percentage point RRR cut, while continuing to put forward policy support, copper prices have rebounded, the market focus is still on the Fed's future interest rate hike expectations, copper prices are still under pressure
after the market.