Fund buying sought copper and aluminum rose

International copper market: In the current international copper market, due to tight supply, the strike of the Chilean copper company's next smelter will be affected. The price of copper exceeded the US$3,000/tonne driven by the fund buying and the short covering caused by it. turn off. Although the subsequent market appeared to be repeated under the pressure of profit-taking, the continued emergence of fund purchases caused copper prices to hit a high of $3,065/tonne in the past decade. London’s three-month copper closed at $3,046/ton on October 7, up $114 from the end of the previous period. Shanghai Copper Market: In the current period, supported by the tight domestic spot supply and strong international copper prices during the National Day holiday, the price of copper continued to rise due to buying and short covering. On October 8th, most contracts closed at a daily limit, including the main force. 0412 contract closed at 30050 yuan / ton, up 1410 yuan from the end of the previous period. The cumulative turnover of the contracts was 488,386 lots with a turnover of 70.927 billion yuan. International Aluminium: In the current period, due to rising stocks, it was once suppressed by selling. However, following the pursuit of fund buying, aluminum prices rebounded sharply and reached a high of 1,870 US dollars/ton in August 1995. London’s three-month aluminum closed at 1,850 US$/ton on October 7, up 36 US dollars from the end of the previous period. Shanghai Aluminium Market: The trend of the current period is similar to that of copper. The main contract of the 0412 contract exceeded the 17,000 yuan/ton mark and approached the price of 17,500 yuan/ton. On October 8, the main 0412 contract closed at 17,510 yuan per ton, up 580 yuan from the end of the previous period. The cumulative turnover of the contracts was 155,182 lots, and the transaction value was 13.282 billion yuan.