Shanghai copper opens high and goes low, and it is difficult to have a bright performance in the short term

During the Asian session, London copper fluctuated downward, and the latest quotation at 15:01 Beijing time was 9785 US dollars / ton, down 90 US dollars, or 0.
91%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 71080 yuan / ton, up 540 yuan, premium 120-liter 180; Guangdong spot 1# copper price was reported at 70860 yuan / ton, up 400 yuan / ton; Yangtze River spot 1# copper 71210 yuan / ton, up 610 yuan, premium 260-liter 300; Shanghai spot 1# copper price was reported at 71070 yuan / ton, up 570 yuan
.

In the spot market, the holiday atmosphere is strong, a small number of traders ship, downstream demand is weak, and the transaction is negative
.
During the holiday period, London copper stocks continued to decline, and the pace of dematerialization did not slow down, coupled with the Las Bambas copper mine in Peru was blocked again, but the domestic holiday atmosphere is still strong, and copper prices are difficult to perform
well due to concerns about tightening overseas liquidity.

While several protests have paralyzed critical operations in some countries, Peru, the world's second-largest producer after Chile, also saw copper production increase by nearly 7% to 2.
3 million mt
in 2021.