Shanghai copper trend volatility closed down, demand at the end of the year may fall

During the Asian session, the LME was interrupted due to power outages, and after returning to normal, the trend of London copper was strong, and the latest quotation at 15:01 Beijing time was 9637 US dollars / ton, up 72 US dollars, or 0.
75%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 69910 yuan / ton, down 180 yuan, premium 350-liter 410; Guangdong spot 1# copper price was 69740 yuan / ton, down 210 yuan; Yangtze River spot 1# copper 69900 yuan / ton, down 150 yuan, premium 350-liter 390; Shanghai spot 1# copper price was 69870 yuan / ton, down 180 yuan
.

At present, the Fed's interest rate hike expectations continue to pressure copper prices to fall, and the current copper social inventory is still at a low level, but downstream consumption has entered the off-season, and the sentiment of cargo holders is strong, and the willingness of cargo receivers to receive goods is not high, and they hold a wait-and-see attitude
.

Shanghai copper opened low today, and the latest opening price of the Shanghai copper 2202 contract was 69490 yuan / ton, down 240 yuan
.
Chile's copper mine exports have increased significantly, effectively alleviating the concerns of global copper supply shortage, and domestic terminal consumption at the end of the year has weakened, and demand may fall, and copper is expected to fall
slightly.