Shanghai copper fluctuated up and down and closed slightly green

During the Asian session, London copper fluctuated in a narrow range to the downside, and the latest quotation at 15:01 Beijing time was 8365 US dollars / ton, down 44 US dollars, or 0.
52%.

Today's domestic spot copper prices fell slightly, Yangtze River spot 1# copper 6290 yuan / ton, down 60 yuan, premium 140-liter 180; The Yangtze River Comprehensive 1# copper price was reported at 64200 yuan / ton, down 70 yuan, and the premium was 10-130; Guangdong spot 1# copper price was 64110 yuan / ton, down 70 yuan, discount 90-liter 80; Shanghai spot 1# copper price was 64250 yuan / ton, down 30 yuan
.

On the macro front, global inflation is high, liquidity contraction is accelerating, market trading is expected to be recessionary, and copper prices are falling
down.
However, the speed of supply release is slow, demand has recovered marginally under the normalization of domestic epidemic control and policy stimulation, the social treasury is low, and the overall supply and demand are tight
.

In the spot market, quiet trading, holders continue to adjust prices and shipments, receivers have no intention of replenishing goods, and there are few
transactions.
The Federal Reserve continued to adopt aggressive tightening policies, boosting the strengthening of the dollar and putting pressure on nonferrous metals, coupled with a weaker-than-expected recovery in domestic terminal demand, copper production continued to increase, and the upward pressure on futures prices increased, but the domestic economy showed signs of recovery, and the new energy vehicle sector performed beautifully, limiting the decline in copper prices, and copper prices turned slightly green
during the day.