Shanghai copper runs at a low level Market transactions are still difficult

During the Asian session, London copper fluctuated at a high level, and the latest quotation at 15:00 Beijing time was 9147 US dollars / ton, up 147 US dollars, or 1.
63%.

In terms of the market, today's domestic spot copper prices fell sharply, Yangtze River non-ferrous metal network 1# copper price was reported at 67560 yuan / ton, down 900 yuan, discount 70-discount 10; Guangdong spot 1# copper price reported 67580 yuan / ton, down 870 yuan; Yangtze River spot 1# copper 67640 yuan / ton, down 920 yuan, premium 10-liter 30; Shanghai spot 1# copper price was 67560 yuan / ton, down 835 yuan
.

In the spot market, the discount has narrowed, and the enthusiasm for downstream procurement has picked up slightly, but the transaction is still difficult
.
China's manufacturing sector remained in the boom range in February, but activity declined and production and demand expansion slowed, although progress in a massive stimulus package in the United States supported optimism in the global economic outlook and copper prices fluctuated
at short-term highs.

The copper stock in the previous period increased by 35,170 tons to 147958 tons last week, an increase of 31.
18%, which has risen for the fourth consecutive week, while the international copper inventory in the previous period increased sharply; Previously, the price rose too fast, the production cost of enterprises rose sharply, inhibiting the start of actual consumption, and the short-term was mainly to digest inventory, and spot copper prices were expected to fall
sharply.