Bearish atmosphere suppresses market sentiment Shanghai copper is weak and volatile during the day

During the Asian session, London copper fluctuated higher, and the latest quotation at 15:01 Beijing time was 7920 US dollars / ton, up 86 US dollars, or 0.
84%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River spot 1# copper 62920 yuan / ton, down 430 yuan, premium 410-liter 450; The Yangtze River Comprehensive 1# copper price was reported at 62910 yuan / ton, down 450 yuan, and the premium was 360-480; Guangdong spot 1# copper price reported 62900 yuan / ton, down 470 yuan, premium 310-liter 510; Shanghai spot 1# copper price was 62800 yuan / ton, down 320 yuan
.

In the spot market, holders are afraid to sell goods, downstream replenishment on demand, actual transactions are limited, and the overall trading performance is light
.
Macro bearish sentiment continues to suppress copper prices to the upside, and power alleviation supply is expected to cool, coupled with the recent low rebound of inventories in the previous period, the support for copper prices weakened, and the decline in Shanghai copper continued during the day and narrowed slightly
.

Shanghai copper opened lower today, and the latest opening price of the Shanghai copper 2210 contract was 61930 yuan / ton, down 440 yuan
.
Market sentiment was once again suppressed by the bearish atmosphere, as the world entered the vicious circle of high inflation, interest rate hikes and recession prospects, resulting in weak demand and copper prices were frustrated, while domestic Tongling Nonferrous Metal resumed production and supply pressure gradually increased, production gradually increased, short-term copper prices maintained weak operation, and copper is expected to continue to fall
.