Shanghai copper opened high and fell volatile due to the weakening of the stock market

During the Asian session, London copper fluctuated lower, and the latest quotation at 15:01 Beijing time was 9455 US dollars / ton, down 76 US dollars, or 0.
79%.

In terms of the market, today's domestic spot copper prices continued to rise, Yangtze River spot 1# copper 72610 yuan / ton, up 160 yuan, premium 440-liter 480; The Yangtze River Comprehensive 1# copper price was reported at 72510 yuan / ton, up 150 yuan, 300-420 liters; Guangdong spot 1# copper price reported 72410 yuan / ton, up 150 yuan, premium 160-liter 360; Shanghai spot 1# copper price was 72545 yuan / ton, up 110 yuan
.

At the end of the month, bearish buying declined, downstream wait-and-see sentiment was strong, still dominated by just need to purchase, and the transaction was not ideal
.
The weakening of the stock market dragged down the trend of non-ferrous metals, and the overall atmosphere of industrial products was empty, and the upward pressure on copper prices appeared, but copper inventories in Shanghai and London both declined, which provided some support
to copper prices.

Overall, the continued decline of the US dollar made copper prices stop falling and rebound, and inventories in Shanghai and London both markets declined, coupled with the tightening of global supply expectations made copper prices continue to remain high, but the intraday market weakened, the industrial product atmosphere was not good, dragged down the trend of copper prices, Shanghai copper performance weak rebound pattern, limited ups and
downs.