Shanghai copper maintained a volatile trend and closed weakly during the day

During the Asian session, London copper fell after a wide range of shocks, and the latest quotation at 15:01 Beijing time was 7508 US dollars / ton, down 26 US dollars, or 0.
35%.

In terms of the market, today's domestic spot copper prices rose slightly, Yangtze River spot 1# copper 64120 yuan / ton, up 260 yuan, discount 20-liter 20; The Yangtze River Comprehensive 1# copper price was reported at 64110 yuan / ton, up 210 yuan, with a discount of 70-50 liters; Guangdong spot 1# copper price was 64100 yuan / ton, up 160 yuan, discount 120-liter 80; Shanghai spot 1# copper price was 64,000 yuan / ton, up 240 yuan
.

In the spot market, holders are actively dumping, downstream enterprises are low in sentiment, just need to trade, trading contracted
.
Domestic social finance data continued to improve, copper prices were supported to some extent, and major overseas copper mines were affected by strikes and other factors such as production continued to decline, but the market was generally concerned about the upcoming US CPI data for September, and the domestic epidemic situation also made market sentiment cautious, thereby hurting metal demand, so copper prices weakened
slightly.

Global epidemic and strikes and other factors affect copper mine production, at the same time, major central banks aggressively raise interest rates, global recession expectations continue to increase, metal demand has been greatly impacted, and China's continued adherence to epidemic prevention policies has caused market sentiment to fall, but global copper inventories are still at a historical low, domestic copper consumption marginal improvement coupled with low inventory support, copper prices withstand turbulence, copper or stable
.