Shanghai copper rushed back down and the market trading atmosphere was biased

During the Asian session, London copper rushed and fell, and the latest quotation at 15:01 Beijing time was 8310 US dollars / ton, up 7 US dollars, or 0.
08%.

On Monday, the price of domestic spot copper rose, and the Yangtze River spot 1# copper reported 66160 yuan / ton, up 340 yuan, 520-560; The Yangtze River Comprehensive 1# copper price was reported at 66120 yuan / ton, up 210 yuan, and the premium was 440-560; Guangdong spot 1# copper price reported 66070 yuan / ton, up 70 yuan, premium 4350-liter 550; Shanghai spot 1# copper price was 66060 yuan / ton, up 330 yuan
.

The spot market transaction is weak, the spot premium is rising, the holders are eager to return funds to actively ship for cash, the downstream is not in a hurry to replenish the goods, still cautious, the trading atmosphere is biased
.
The profit was net and the Fed was hawkish, the overall atmosphere of industrial products was bearish, the metal trend was under pressure, superimposed demand remained weak and did not improve, and Shanghai copper closed down under pressure
.

In terms of news, China's policies have successively introduced enhanced optimistic expectations, but weak demand has not seen a significant improvement, which continues to drag down prices, and it is difficult to find stockpiles under high copper prices, and the downstream is becoming more cautious
.
However, at the same time, domestic production and imports are difficult to recover sharply within the year, Shanghai copper stocks will still be at a low level, and the inventory accumulation time will continue to be delayed, which is good for copper prices
.