The atmosphere of the futures market continues to warm up, and the trend of Shanghai copper is strong

During the Asian session, London copper bottomed out, and the latest quotation at 15:01 Beijing time was 8156 US dollars / ton, up 78 US dollars, or 0.
97%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River spot 1# copper 62690 yuan / ton, up 470 yuan, premium 180-liter 220; Yangtze River Comprehensive 1# copper price reported 62820 yuan / ton, up 480 yuan, premium 270-390; Guangdong spot 1# copper price reported 62990 yuan / ton, up 530 yuan, premium 450-550; Shanghai spot 1# copper price was 62500 yuan / ton, up 400 yuan
.

In the spot market, holders sold at high prices, downstream trading picked up slightly during the day, and receivers actively entered the market, and the overall trading volume increased
compared with yesterday.
Last night, the US inflation data for July fell more than expected, boosting the market's expectations of the Fed's aggressive interest rate hike slowdown, market risk appetite rebounded, the US dollar weakened sharply, non-ferrous metals generally rebounded, and intraday market atmosphere continued to warm, superimposed spot supply and demand side has improved, inventories continue to decline support, Shanghai copper rally is increasing
.

At present, China has increased its efforts to implement a prudent monetary policy, strive to achieve the best results, insist on not engaging in "flood irrigation", focus on supporting the construction of infrastructure and the accelerated development of the new energy field, while the decline in domestic refined copper social stocks supports copper prices, and electrolytic copper enterprises in Guixi City are affected by traffic control and delivery, making the supply of electrolytic copper market tight in the short term, and copper is expected to rise
.