Shanghai copper fell back after a slight surge The overall trading volume of the market is acceptable

During the Asian session, London copper was strongly volatile, and the latest quotation at 15:00 Beijing time was 8990.
5 US dollars / ton, up 60.
5 US dollars, or 0.
68%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 66480 yuan / ton, down 430 yuan, premium 150-liter 210; Guangdong spot 1# copper price was 66330 yuan / ton, down 630 yuan; Yangtze River spot 1# copper 66450 yuan / ton, down 570 yuan, premium 100-liter 120; Shanghai spot 1# copper price was 66390 yuan / ton, down 510 yuan
.

In the spot market, the holder ships at a high price, and the downstream purchases on demand, and the overall transaction is acceptable
.
Signs of weak demand such as rising inventories weighed on prices, and the president of Codelco, Chile's national copper company, said copper prices may remain strong, but the epidemic may trigger new shocks in the market
.

At present, the supply disturbance at the mine end has reappeared, copper concentrate processing fees continue to decline, Antofagasta sold 10,000 tons of copper concentrate at a very low processing fee of $10/ton, smelters have to accept lower conditions when the market tightens, but the global exchange copper inventory has not changed, the recent performance of China's downstream demand is weaker than expected, and spot copper prices are expected to fall
.