The overall market sentiment is weak, and Shanghai copper runs weakly during the day

During the Asian session, London copper was weak and volatile, and the latest quotation at 15:01 Beijing time was 7534 US dollars / ton, down 91 US dollars, or 1.
19%.

In terms of the market, today's domestic spot copper prices plummeted, Yangtze River spot 1# copper 58500 yuan / ton, down 2930 yuan, premium 200-liter 240; The Yangtze River Comprehensive 1# copper price was reported at 58410 yuan / ton, down 2930 yuan, and the premium was 70-190; Guangdong spot 1# copper price reported 58310 yuan / ton, down 2930 yuan, discount 70-liter 130; Shanghai spot 1# copper price was 58300 yuan / ton, down 2980 yuan
.

In the spot market, the overall sentiment is pessimistic, the collapse of copper prices has not brought a bright and lively trading scene, downstream on-demand procurement, but the trading volume has increased
significantly compared with yesterday.
As fears of recession intensified, safe-haven demand heated up sharply, the dollar soared to a 20-year high overnight, non-ferrous metals fell collectively, and Shanghai copper fell to a 19-month low, breaking the 10,000-six mark
.

Recently, macro bearishness continues to shroud, the market's worries about the recession in Europe and the United States continue unabated, the dollar index soared sharply overnight, risk assets were sold off again, and non-ferrous metals fell deeply
.
Jinrui Futures said that yesterday the market began to trade European recession risk expectations, the euro plummeted, the dollar quickly strengthened, suppressed copper prices, short-term decline was large
.
At the current node, the overall sentiment of the copper market is weak, although the recession risk lacks substantive verification, but the market is not confident in future economic growth, inflation expectations are rapidly declining, market positions have risen, volatility has increased, and short-term emotional fermentation may not be over
.