Shanghai copper runs at a high level The overall transaction volume of the market is limited

During the Asian session, London copper fluctuated sharply up and down, and the latest quotation at 15:01 Beijing time was 10102.
5 US dollars / ton, down 31 US dollars, or 0.
31%.

On the macro front, on Wednesday, local time, the US Federal Open Market Committee (FOMC) announced that it would raise its benchmark interest rate by 25 basis points to a range of 0.
25%-0.
50%, and is expected to start reducing its holdings of Treasury bonds and agency mortgage-backed securities
at its upcoming meeting.
In its statement, the Fed said inflation remained high, reflecting pandemic-related supply-demand imbalances, rising energy prices, and broader price pressures
.
The conflict in Ukraine could create inflationary pressures and slower
economic growth.

In terms of the market, today's domestic spot copper prices rose, Yangtze River non-ferrous metal network 1# copper price was reported at 72570 yuan / ton, up 680 yuan, premium 350-liter 410; Guangdong spot 1# copper price reported 72300 yuan / ton, up 650 yuan; Yangtze River spot 1# copper 72620 yuan / ton, up 660 yuan, premium 410-liter 450; Shanghai spot 1# copper price was 72670 yuan / ton, up 640 yuan
.

In the spot market, the price of the holder is obvious, and there is no intention to adjust the price of shipment, although the receiver is actively inquiring but the transaction is limited, and the overall trading activity is limited
.
The recent progress in the Russian-Ukrainian peace talks, as well as the decline of the US dollar, the rebound of the stock market, coupled with the release of positive signals from domestic high-level officials, boosted market confidence, copper prices are on the strong side
.