Shanghai copper shock operation Market sentiment continues to dominate the market

During the Asian session, London copper fluctuated at a low level, and the latest quotation at 15:01 Beijing time was 9503 US dollars / ton, down 127 US dollars, or 1.
32%.

In terms of the market, today's domestic spot copper prices fell, 1# copper price was 69090 yuan / ton, down 130 yuan, premium 110-170; Guangdong spot 1# copper price reported 68960 yuan / ton, down 130 yuan; Yangtze River spot 1# copper 69160 yuan / ton, down 220 yuan, premium 200-liter 220; Shanghai spot 1# copper price was 69170 yuan / ton, down 120 yuan
.

In the spot market, the circulation of goods is limited, the overall transaction is smooth, downstream consumption is improving, the volume of goods is increasing, and traders are actively shipping at high prices
.
Copper prices continued to be weak and hit a new low, and after the Dragon Boat Festival, market supervision policies were strengthened, and copper prices fell in response; The news of the dumping of reserves and the early morning Fed meeting hinted at an early interest rate hike to double pressure copper prices, the current market sentiment and macro will continue to dominate the market, copper prices will continue to fluctuate
.

In terms of news, affected by the results of the interest rate meeting, the US dollar index has strengthened sharply, and the change in the Fed's tone and the upward movement of the US dollar will undoubtedly form a negative
impact on copper prices.
In addition, the supply of copper concentrate is still tight, but coupled with the landing of storage-related matters, there is also a certain negative impact on copper prices, and copper prices are expected to fall
slightly.