The traditional off-season is approaching and Shanghai copper fluctuates low

During the Asian session, London copper was weak and volatile, and the latest quotation at 15:00 Beijing time was 6823 US dollars / ton, down 12 US dollars, or 0.
18%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River non-ferrous metal network 1# copper price was 51650 yuan / ton, down 140 yuan, premium 160-liter 220; Guangdong spot 1# copper price reported 51510 yuan / ton, down 80 yuan; Yangtze River spot 1# copper price 51670 yuan / ton, down 140 yuan, premium 190-liter 210; Shanghai spot 1# copper price was 51635 yuan / ton, down 55 yuan
.

In the spot market, holders are willing to hold prices, traders remain cautious, downstream on-demand purchases are the mainstay, and transactions are weak
.
There are still some disturbances on the current supply side, but the tight supply of recycled copper may ease, the overall impact of fundamentals is limited, the macro atmosphere dominates the market, and short-term copper prices remain volatile
.

In terms of news, a union at Chile's Candelaria copper mine once again refused another contract and will continue to push for a strike on exhaust gas for nearly a month, but the mine only produced 111,400 tons of copper in 2019, with limited impact; the current downstream consumption is difficult to improve, the traditional domestic off-season is approaching, and the epidemic situation in Europe and the United States is severe, and spot copper prices are expected to rise or fall little
.