Shanghai copper opened high and weakened, and the trend within the day was biased and volatile

During the Asian session, London copper showed a "V" shaped trend, and the latest quotation at 15:01 Beijing time was 8030 US dollars / ton, down 22 US dollars, or 0.
27%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River spot 1# copper 63580 yuan / ton, down 140 yuan, premium 700-liter 740; The Yangtze River Comprehensive 1# copper price was reported at 63600 yuan / ton, down 140 yuan, and the premium was 680-800; Guangdong spot 1# copper price reported 63610 yuan / ton, down 150 yuan, premium 650-liter 850; Shanghai spot 1# copper price was 63510 yuan / ton, down 110 yuan
.

In the spot market, the expansion of power rationing has also led to the high level of premium, downstream transactions have fallen significantly, fear of heights is fully displayed, and the overall transaction difference is unsatisfactory
.
The hawkish Federal Reserve and the rise in risk aversion boosted the dollar to continue to rise to a five-week high, but the overall atmosphere of the futures market performed well, coupled with the recent shortage of electricity at home and abroad and caused a decrease in supply-side production, supported by tight spot and low inventories, Shanghai copper maintained its upward trend, but the trend of Shanghai copper was more under pressure
.

Today's Shanghai copper opened high, the latest opening price of the Shanghai copper 2209 contract was 63200 yuan / ton, up 320 yuan
.
In addition, in terms of import and export, copper spot imports suffered a slight loss, Yangshan copper premium rose, import customs clearance demand was strong, and the sharp decline in copper inventories in the previous period provided support for copper prices, superimposed on the impact of power cuts under the weakening of supply pressure, price shock rebound trend is expected to continue, copper is expected to rise
.