The characteristics of the off-season are more obvious, and the Shanghai copper is weak and oscillating

During the Asian session, London copper fluctuated strongly, and the latest quotation at 15:00 Beijing time was 7984 US dollars / ton, up 13 US dollars, or 0.
16%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River non-ferrous metal network 1# copper price was reported at 58640 yuan / ton, down 160 yuan, premium 90-150; Guangdong spot 1# copper price was reported at 58590 yuan / ton, down 200 yuan; Yangtze River spot 1# copper price 58740 yuan / ton, down 160 yuan, premium 170-liter 190; Shanghai spot 1# copper price was 58700 yuan / ton, down 130 yuan
.

In the spot market, the holders hold up the price to ship, the inquiry is active but more wait-and-see, the downstream consumption is general, and the transaction is general
.
According to data from the General Administration of Customs, copper imports continued to decline month-on-month in December, but imports for the whole year of 2020 were estimated to be record-set; The market focuses on further fiscal stimulus in the United States, which will affect the trend
of copper prices.

In terms of news, global copper mine production will resume growth in 2021, but larger new capacity projects will be put into operation in the second half of the year, the overseas epidemic is still serious, and short-term mine supply is still relatively scarce; At present, the off-season characteristics of the domestic market are obvious, and the inventory has entered the accumulation stage, but the total amount is still at a low level, and the spot copper price is expected to rise or fall little
.