Shanghai copper trend volatile market fear of heights is still the same

During the Asian session, London copper fluctuated in a narrow range, and the latest quotation at 15:01 Beijing time was 9827 US dollars / ton, down 16 US dollars, or 0.
16%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River non-ferrous metal network 1# copper price was reported at 72730 yuan / ton, down 30 yuan, premium 420-480; Guangdong spot 1# copper price reported 72580 yuan / ton, down 10 yuan; Yangtze River spot 1# copper 72780 yuan / ton, down 50 yuan, premium 440-liter 540; Shanghai spot 1# copper price was 72600 yuan / ton, down 50 yuan
.

In the spot market, traders actively ship for cash, actively reduce the water, downstream receiving is general, the low mining sentiment is still there, the trading atmosphere is calm, and the overall trading volume is poor
.
Although the domestic downstream consumer demand is not good, copper stocks at home and abroad are destocked, the fundamentals are still strongly supported, and copper prices have stopped falling and warmed up, showing a trend of shock range
.

In terms of industry, according to Mysteel statistics, the total domestic social inventory was 90,300 tons, an increase of 04,700 tons from last Friday, and the inventory in Shanghai was 55,100 tons, basically the same as last Friday; traders who locked the price comparison in the early stage successively cleared the source of bonded warehouses, and the inventory of Shanghai Free Trade Zone was 195,000 tons, and continued to go to storage
.
Recently, the foreign trade window has closed, but the loss has narrowed
.

Although the domestic downstream terminal consumption performance is average, the fear of heights is still the same, but the refined copper inventory continues to fall, and the number of refined copper imports in September fell significantly, coupled with the current power rationing brought about by the reduction in production, and will continue to decline in the future, the supply of refined copper will tighten, and spot copper prices are expected to rise
.