The market risk aversion atmosphere heats up, and the trend of Shanghai copper continues to be weak

During the Asian session, the trend of London copper fluctuated, and the latest quotation at 15:01 Beijing time was 9885 US dollars / ton, up 34 US dollars, or 0.
34%.

Today's domestic spot copper prices fell slightly, Yangtze River nonferrous metal network 1# copper price was reported at 71180 yuan / ton, down 370 yuan, premium 230-liter 290; Guangdong spot 1# copper price was reported at 70940 yuan / ton, down 350 yuan / ton; Yangtze River spot 1# copper 71200 yuan / ton, down 280 yuan, premium 260-liter 300; Shanghai spot 1# copper price was 71095 yuan / ton, down 385 yuan
.

In the spot market, the downstream wait-and-see sentiment is still there, continuing to buy on demand for bargains, and the actual spot transaction is general
.
The market risk aversion atmosphere heated up, non-ferrous metals continued to weaken overall, superimposed on the continuous accumulation of Shanghai copper inventories, while downstream consumer demand was weak after the holiday, and copper prices maintained a volatile trend
as a whole.

Industry news, foreign media news on February 15: A Peruvian community said on Monday that it would not block the key roads used by the Las Bambas copper mine under Minmetals Resources (MMG), which means that the copper mine will be able to resume normal operations
.

Shanghai copper opened lower today, and the latest opening price of the Shanghai copper 2203 contract was 71,000 yuan / ton, down 250 yuan
.
Domestic Shanghai copper inventories continued to increase slightly, due to weak demand during the Spring Festival, in the first week after the holiday, the weekly copper inventory calculated in the previous period increased by 66,000 tons to around 10.
66 million tons, the highest since mid-July last year, downstream consumption expectations are still weak, and copper is expected to fall
slightly.