The trend of Shanghai copper was suppressed and frustrated, and it only closed slightly higher during the day

During the Asian session, London copper was strongly volatile, and the latest quotation at 15:01 Beijing time was 7387 US dollars / ton, up 95 US dollars, or 1.
30%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River spot 1# copper 61710 yuan / ton, down 40 yuan, premium 660-liter 700; The Yangtze River Comprehensive 1# copper price was reported at 61660 yuan / ton, down 40 yuan, and the premium was 570-690; Guangdong spot 1# copper price reported 61600 yuan / ton, down 40 yuan, premium 470-670; Shanghai spot 1# copper price was 61550 yuan / ton, down 80 yuan
.

In the spot market, today's spot trading performance is more active, holders began to raise prices, downstream bargain hunting, and some companies have bearish copper prices, the overall trading volume decreased
slightly.
Macro bearish pressure is still large, the dollar continues to brush new highs, risk assets are under pressure on a large area, copper prices are under obvious pressure, superimposed supply and demand side support is limited, so it is difficult for the futures price to have a bright performance, and only closed slightly higher
during the day.

Today's Shanghai copper opened slightly higher in early trading, and the latest opening price of the main month 2211 contract was 60410 yuan / ton, up 90 yuan
.
Economic growth prospects under macro pressure are bleak or damage metal demand, while the recent European economic data is not good, the market's concerns about the future downward pressure on the economy continue to increase, London copper inventories climbed spot slowed, copper price short-term support also weakened, but there are still hidden worries on the supply side at home and abroad, domestic peak season is expected to see demand pick up slightly, copper is expected to rise and fall limited
.