Shanghai copper trend is weak, downstream consumption is weak

During the Asian session, London copper opened low and went low, and the latest quotation at 15:01 Beijing time was 6688 US dollars / ton, down 104 US dollars, or 1.
53%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was reported at 51430 yuan / ton, down 490 yuan, molten iron 10-liter water 50; Guangdong spot 1# copper price reported 51410 yuan / ton, down 480 yuan; Yangtze River spot 1# copper price 51560 yuan / ton, down 480 yuan, premium 130-liter 150; Shanghai spot 1# copper price was 51460 yuan / ton, down 430 yuan
.

In the spot market, middlemen lack room to operate, downstream consumption is weak, and transactions remain sluggish
.
The Federal Reserve left its benchmark interest rate unchanged, expecting the U.
S.
economy to remain sluggish, while the rising dollar index weighed on commodities and copper prices weighed
.

Shanghai copper has continued to fluctuate recently, and the overall continuation of the range-bound market
.
The future market is vigilant against the development of Sino-US relations and the US election
.
Shanghai copper upper pressure 53520, lower support 50000
.