Shanghai copper opened a pullback while waiting for signs of the end of the rally

During the Asian session, the trend of London copper was weak, and the latest quotation at 15:01 Beijing time was 6717.
5 US dollars / ton, down 20.
5 US dollars, or 0.
30%.

In terms of the market, today's domestic spot copper prices remained stable, Yangtze River non-ferrous metal network 1# copper price was reported at 51520 yuan / ton, down 30 yuan, 140 liters of water 200; Guangdong spot 1# copper price was 51380 yuan / ton, down 55 yuan; Yangtze River spot 1# copper price 51600 yuan / ton, down 40 yuan, premium 230-liter 250; Shanghai spot 1# copper price was 51540 yuan / ton, down 40 yuan
.

In the spot market, holders continue to hold prices, traders are in a wait-and-see mood, and the enthusiasm to receive goods is not high
.
China's cathode copper production increased month-on-month, and imports of unwrought copper and copper products increased by 41.
2% year-on-year in the first nine months of this year, although the recent disturbance at the mine end provided bottom support, and copper prices are expected to fluctuate
at a high level in the short term.

On Monday, the copper market was at a high level of volatility, Trump's mega-stimulus package was rejected, only a small plan could be launched in the short term, the election result was only three weeks, and the market waited for clarity
.
The epidemic situation in Europe and the United States is heating up, and Europe is taking measures to affect consumption
.
At the copper market, Escondida copper miners rejected the final conditions proposed by the management, but the management said it would continue negotiations to avoid a strike
.
Domestic stocks increased by 5,952 tonnes
.
The copper market will still be range-bound, waiting for the copper market to give signs
of the end of the rally.