Shanghai copper weak volatility The market is dominated by wait-and-see sentiment

During the Asian session, London copper jumped straight down, and the latest quotation at 15:01 Beijing time was 10198 US dollars / ton, down 79 US dollars, or 0.
77%.

In terms of news, the Russia-Ukraine conflict has triggered market supply concerns about the non-ferrous sector, and energy supply concerns have eased, but the inventory of the internal and external copper markets is at a low level, and the Fed puts hawkish remarks, short-term copper prices will fluctuate
.

In terms of the market, today's domestic spot copper prices fell, Yangtze River spot 1# copper 73320 yuan / ton, down 560 yuan, premium 280-liter 320; Yangtze River nonferrous metal net 1# copper price reported 73310 yuan / ton, down 540 yuan, premium 260-320; Guangdong spot 1# copper price was 72980 yuan / ton, down 570; Shanghai spot 1# copper price was 73390 yuan / ton, down 430 yuan
.

In the spot market, holders have dumped goods for cash, receivers are mainly in a wait-and-see mood, the overall market is difficult to see a large number of buying interest, the transaction volume is relatively average
.
Many places in China are in a state of epidemic control, and the upgrade of prevention and control measures will continue to suppress downstream consumer sentiment, and copper prices will be under pressure
in the short term.