Shanghai copper volatility is weak, low inventory support still exists

During the Asian session, London copper fell and ran, and the latest quotation at 15:01 Beijing time was 9608 US dollars / ton, down 147 US dollars, or 1.
51%.

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 69830 yuan / ton, down 110 yuan, premium 120-180; Guangdong spot 1# copper price reported 69770 yuan / ton, down 100 yuan / ton; Yangtze River spot 1# copper 69890 yuan / ton, down 120 yuan, premium 190-liter 230; Shanghai spot 1# copper price was 69840 yuan / ton, down 80 yuan
.

In the spot market, the quotation of the holder is mainly stable, the downstream wait-and-see market sentiment is strong, the purchase is the mainstay, the market trading atmosphere is light, and the overall transaction price is difficult to come out
.
The overseas epidemic has intensified and disrupted the market, and copper inventories in the previous period have risen, but they are still at a low level, and copper prices are weak
.

Today's Shanghai copper opened high, and the latest opening price of the Shanghai copper 2202 contract was 70230 yuan / ton, up 110 yuan
.
Reduced supplies of Russian gas, leading to a surge in energy prices in Europe; China's factory activity unexpectedly accelerated in December, global inventories were at historic lows, and a slowdown in copper supply supported prices.