Shanghai copper weak operation Prices continue to weaken

During the Asian session, London copper was strongly volatile, and the latest quotation at 15:01 Beijing time was 9883 US dollars / ton, up 37 US dollars, or 0.
38%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 70830 yuan / ton, down 440 yuan, premium 0-60; Guangdong spot 1# copper price was reported at 70690 yuan / ton, down 450 yuan; Yangtze River spot 1# copper 70870 yuan / ton, down 400 yuan, premium 50-liter 90; Shanghai spot 1# copper price was reported at 70840 yuan / ton, down 330 yuan
.

In the spot market, the circulation source is relatively loose, traders clear a large number of warehouses and shipments, receivers take advantage of the low to replenish the inventory, the transaction is more active, and the overall transaction performance is good
.
Rising geopolitical risks have boosted market risk aversion, and copper prices have been suppressed, coupled with weak and continuous accumulation of domestic consumption, copper prices continue to weaken
.

At present, the domestic post-holiday consumption situation is not good and the accumulation exceeds expectations, the high copper price inhibits the enthusiasm of downstream consumption, superimposed on the weak atmosphere is difficult to change, consumption has no bright spots, and copper is expected to fall
.