Shanghai copper volatility is strong, and the market wait-and-see mood is strong

During the Asian session, London copper fluctuated upward, and the latest quotation at 15:01 Beijing time was 10,026 US dollars / ton, up 68 US dollars, or 0.
68%.

Today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 71260 yuan / ton, down 600 yuan, discount 130-discount 70; Guangdong spot 1# copper price was reported at 71210 yuan / ton, down 540 yuan; Yangtze River spot 1# copper 71350 yuan / ton, down 580 yuan, discount 30-discount 10; Shanghai spot 1# copper price was 71325 yuan / ton, down 395 yuan
.

In the spot market, the wait-and-see mood is strong, the downstream just needs to be consumed, and the transaction performance is average
.
With rising political risks in Chile and Peru and the looming threat of strikes at two copper mines in Chile, BHP Billiton will take urgent measures to support prices with supply-side
disruptions.

In terms of news, Zijin Mining, Ivanhoe Mining Company and the Kamoa-Kakula large-scale copper mine project cooperated with the DRC government, the first phase of the first phase of the project to process 3.
8 million tons of ore processing per year was put into operation ahead of schedule, and copper concentrate production was officially started on May 25; Recently, with the price decline, consumption has shown signs of recovery, and spot copper prices are expected to rise or fall little
.