In the short term, it is difficult for demand to support copper prices to continue to rise

During the Asian session, London copper was weak and volatile, and the latest quotation at 15:01 Beijing time was 9363 US dollars / ton, down 72 US dollars, or 0.
76%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River spot 1# copper 72300 yuan / ton, down 520 yuan, premium 200-liter 240; The Yangtze River Comprehensive 1# copper price was reported at 72210 yuan / ton, down 530 yuan, and the premium was 70-190; Guangdong spot 1# copper price was reported at 72120 yuan / ton, down 540 yuan, discount 60-liter 140; Shanghai spot 1# copper price was 72210 yuan / ton, down 550 yuan
.

In the spot market, the enthusiasm of merchants to quote is low, the overall receiving sentiment of receivers is general, just need to be saturated and delisted wait-and-see, and the overall trading volume has rebounded
compared with last week.
Inflation fears and recession fears once pushed the dollar stronger while the stock market fell, coupled with the rebound of copper inventories in the previous period, the support for copper prices weakened, and copper prices were weak
in the short term.

Shanghai copper opened lower today, and the latest opening price of the Shanghai copper 2207 contract was 71990 yuan / ton, down 540 yuan
.
The domestic epidemic has been repeated, the epidemic in Shanghai and Beijing has recurred again, and the new cases have risen, which has once again caused market concerns, and market activity has fallen sharply, while downstream demand has improved but is still relatively weak and it is difficult to support copper prices to continue to rise, and copper is expected to fall
.