Shanghai copper is strong and volatile, and downstream consumption is general

During the Asian session, London copper fluctuated at a low level, and the latest quotation at 15:00 Beijing time was 7964.
5 US dollars / ton, down 31 US dollars, or 0.
39%.

In the market, today's domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was reported at 58700 yuan / ton, down 390 yuan, discount 130-discount 70; Guangdong spot 1# copper price was 58800 yuan / ton, down 360 yuan; Yangtze River spot 1# copper price 58760 yuan / ton, down 390 yuan, discount 70-discount 50; Shanghai spot 1# copper price was 58835 yuan / ton, down 230 yuan
.

In the spot market, holders actively ship for cash, buying sentiment is low, downstream consumption is general, and trading is relatively weak
.
London copper inventories accelerated to fall, Shanghai copper inventories updated about a nine-year low, Citi firmly bullish on medium-term copper prices, Jefferies said increased demand from renewable energy and electric vehicle industries, will bring support
to copper prices.

News parents, Chilean mining company Antofagasta agreed to the 2021 copper processing refining fee standard, processing refining fees (TC/RCs) of $59.
50 per ton and 5.
95 cents per pound, respectively, has fallen for six consecutive years; domestic production needs to pay attention to the recent climb, there is a possibility of impulse at the end of the year, in addition, under the pressure of power cuts in the south and environmental protection in the north, refined copper has the risk of accumulation, and spot copper prices are expected to rise or fall little
.