Shanghai Copper's Weakness Remains Unchanged Market sentiment remains pessimistic

During the Asian session, London copper ran low, and the latest quotation at 15:01 Beijing time was 8668 US dollars / ton, down 118 US dollars, or 1.
34%.

In terms of the market, today's domestic spot copper prices fell sharply, Yangtze River spot 1# copper 66030 yuan / ton, down 2250 yuan, premium 200-liter 240; The Yangtze River Comprehensive 1# copper price was reported at 65960 yuan / ton, down 2200 yuan, and the premium was 90-210; Guangdong spot 1# copper price reported 65890 yuan / ton, down 2140 yuan, discount 20-liter 180; Shanghai spot 1# copper price was 65950 yuan / ton, down 2210 yuan
.

In the spot market, a large number of imported goods flowed into the market, and the holders took the initiative to lower the price due to their urgent willingness to exchange cash, and the downstream bargain purchase, and the overall transaction volume increased
.
Domestic concentrate supply is relatively abundant and production is gradually picking up, downstream consumer demand performance is light, still reflected in the real estate sector and the seasonal off-season is coming, receiving goods performance wants to be more cautious, wait-and-see sentiment rises, and short-term market sentiment is still affected by macro and policy expectations, copper or fall.

Shanghai copper opened low today, and the latest opening price of the Shanghai copper 2207 contract was 66670 yuan / ton, down 1100 yuan
.
The Fed's determination to fight inflation is unabated, market sentiment is still pessimistic, copper prices are suppressed by the expectation of sharp interest rate hikes and break downward, coupled with the lack of significant substantial improvement in domestic demand, continue to drag down the trend of futures prices, and the center of gravity of Shanghai copper moves down to break the 67000 line
.