Supply and demand show a weak situation Shanghai copper is difficult to have a bright performance in the short term

During the Asian session, London copper is running strongly, and the latest quotation at 15:01 Beijing time is 9864 US dollars / ton, up 124 US dollars, or 1.
27%.

Today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 72760 yuan / ton, down 510 yuan, premium 450-liter 510; Guangdong spot 1# copper price was reported at 72590 yuan / ton, down 610 yuan; Yangtze River spot 1# copper 72830 yuan / ton, down 540 yuan, premium 430-liter 630; Shanghai spot 1# copper price was 72650 yuan / ton, down 435 yuan
.

In the spot market, the willingness of holders to adjust prices is low, downstream demand is sluggish and cautious, trading is deadlocked, and the overall trading volume is average
.
Copper inventories at home and abroad continued to decline and strongly supported copper prices, but the transportation of copper concentrate in the northwest region was hindered due to the epidemic, and downstream consumer demand was still general, showing a weak trend of supply and demand, and it was difficult for short-term copper prices to have a bright performance
.

In September, the sharp decline in copper inventories in the previous period was coupled with the blockage of transportation in the northwest region due to the epidemic, resulting in the accumulation of some copper concentrate at ports, which is difficult to ease in the short term, which has brought certain pressure to the supply of raw materials to smelters in northwest China, and supply worries have continued; The Bureau of Statistics released the import data of electrolytic copper in September, which increased compared with the previous month, but the cumulative growth rate declined, and the overall import situation was not optimistic, and copper was expected to remain stable
.