Peak season demand yet to be verified Shanghai copper short-term or volatile

During the Asian session, London copper fluctuated upward, and the latest quotation at 15:01 Beijing time was 6612.
5 US dollars / ton, up 33 US dollars, or 0.
49%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 52090 yuan / ton, down 370 yuan, premium 80-liter 140; Guangdong spot 1# copper price reported 52100 yuan / ton, down 230 yuan; Yangtze River spot 1# copper price 52260 yuan / ton, down 270 yuan, premium 120-liter 140; Shanghai spot 1# copper price was 52150 yuan / ton, down 130 yuan
.

In the spot market, low-priced goods are difficult to find, traders have limited circulation, downstream consumption is sluggish, and the overall transaction is
deadlocked.
LME inventories continue to update the lowest level since the end of 2005, more than half of warehouse receipts are cancelled, domestic peak season consumption has not been falsified, and short-term copper prices remain high and volatile
.

Overall, market optimism has been boosted as the dollar returns to weakness, but peak season demand has yet to be verified, with Shanghai copper or volatility dominant, wait-and-see or short-term operation dominant
.