Shanghai copper trend is weak, downstream wait-and-see just need consumption

During the Asian session, London copper fluctuated at a low level, and the latest quotation at 15:00 Beijing time was 7688.
5 US dollars / ton, down 31 US dollars, or 0.
40%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was 56950 yuan / ton, down 470 yuan, premium 60-liter 120; Guangdong spot 1# copper price reported 57,000 yuan / ton, down 450 yuan; Yangtze River spot 1# copper price 57030 yuan / ton, down 460 yuan, premium 160-liter 180; Shanghai spot 1# copper price was 57020 yuan / ton, down 340 yuan
.

In the spot market, the willingness of holders to adjust prices is not high, the downstream wait-and-see just needs to consume, and traders mainly
trade.
Rising frictions between China and the United States could worsen global economic conditions and weigh on copper prices, but the $2 trillion infrastructure plan in the United States could support the metals market
in the coming months.

In terms of news, Chile's copper exports increased by 24.
3% in November, and its mines basically maintained production throughout the epidemic, protecting key export revenue sources; China's imports of unwrought copper and copper fell 9.
2% month-on-month in November, falling for the second consecutive month to a half-year low, but up 16.
2% year-on-year, while inventories rebounded and spot copper prices were expected to fall
.