The US dollar continues to suppress copper prices, and the trend in the later period is difficult to say optimistic

Today's Shanghai copper trend is weak, the main month 2209 contract opened at 61770 yuan / ton, the highest intraday 61900 yuan / ton, the lowest 61150 yuan / ton, settled 62080 yuan / ton, closed 61170 yuan / ton, down 910 yuan, down 1.
47%.

The trading volume of the main 2209 contract of Shanghai copper increased by 16016 lots 116574 the day, and the position volume of 151030 contracts decreased by 212 lots
.

During the Asian session, London copper fluctuated downward, and the latest quotation at 15:01 Beijing time was 7871 US dollars / ton, down 49 US dollars, or 0.
62%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River spot 1# copper 62450 yuan / ton, down 30 yuan, premium 780-liter 820; The Yangtze River Comprehensive 1# copper price was reported at 62330 yuan / ton, down 110 yuan, and the premium was 620-740; Guangdong spot 1# copper price reported 62200 yuan / ton, down 190 yuan, premium 450-650; Shanghai spot 1# copper price was 62280 yuan / ton, down 120 yuan
.

In the spot market, the supply of circulating goods is tight, the holders cover the goods and sell, the receivers buy the goods in general, the high rise underwater, the downstream is deterred
.
The strong dollar continues to suppress copper prices, the trend of non-ferrous metals is difficult to be optimistic, and copper fundamentals have not improved significantly, the pattern of strong supply and weak demand is still deducing, but under low inventories and high rises, there is still some support below copper prices, so copper prices rise and fall limited
.

The global manufacturing industry is still under pressure, and overseas demand continues to weaken but has not yet bottomed out, while domestic power cuts have a relatively limited impact on supply, poor demand in the off-season, and because the price is not strong downstream price willingness to hold up, spot transactions are not ideal, and copper is expected to fall
.