Shanghai copper weak shock market trading atmosphere is good

During the Asian session, London copper fluctuated in a narrow range, and the latest quotation at 15:01 Beijing time was 9385 US dollars / ton, up 53 US dollars, or 0.
56%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was 69740 yuan / ton, down 780 yuan, premium 230-liter 290; Guangdong spot 1# copper price was 69780 yuan / ton, down 830 yuan; Yangtze River spot 1# copper 69780 yuan / ton, down 850 yuan, premium 220-liter 360; Shanghai spot 1# copper price was 69785 yuan / ton, down 765 yuan
.

In the spot market, shippers adjust prices and shipments, and downstream actively enter the market just need to stock up, the trading atmosphere is good, and the overall transaction is acceptable
.
Recently, due to the impact of power restrictions and production restrictions, refined copper production has decreased, and copper inventories have fallen again, which has supported copper prices, but the NDRC continues to speak out on metal reserves and ensure supply and price stability, which has suppressed market sentiment and put copper prices under pressure
.

In terms of news, Chilean copper committee Cochilco recently lowered copper price expectations, the domestic development and reform commission frequently voiced will closely track and monitor market price changes, continue to put material reserves into the market, and effectively do a good job and guide local supply and price stabilization related work during the Mid-Autumn Festival and National Day festivals, and copper is expected to fall
.