Shanghai copper high open diving intraday weak shock

During the Asian session, London copper fluctuated upward, and the latest quotation at 15:01 Beijing time was 8490 US dollars / ton, up 116 US dollars, or 1.
39%.

Today's domestic spot copper prices fell, Yangtze River spot 1# copper reported 65940 yuan / ton, down 220 yuan, premium 270-liter 310; The Yangtze River Comprehensive 1# copper price was reported at 65900 yuan / ton, down 260 yuan, and the premium was 190-310; Guangdong spot 1# copper price was 65850 yuan / ton, down 300 yuan, premium 100-300 liter; Shanghai spot 1# copper price was 65840 yuan / ton, down 240 yuan
.

In the spot market, after New Year's Day, the shippers did not ship much and the willingness to adjust prices was not high, the receivers did not have a positive reflection of the stock, and the trading situation was not satisfactory
.
The morning market atmosphere is empty, industrial products generally fell, superimposed on the impact of the demand off-season, the downstream operating rate continued to decline, but the market optimism rose to a 10-month high, and the decline in intraday copper narrowed
.

Domestic refined copper supply is restricted, but the market trading atmosphere before and after the holiday is light, the overall downstream transaction is cautious, coupled with the high copper price inhibits the downstream part of the market to buy, and the accelerated rise of cases suppresses the enthusiasm of downstream consumption, at the end of the year, domestic inventories have significantly accumulated and are expected to increase, import sources are limited, downstream consumption is difficult to find bright spots, copper or fall.