At present, long and short are intertwined, and there is resistance and support under Shanghai copper

During the Asian session, the low level of London copper fluctuated in a narrow range, and the latest quotation at 15:01 Beijing time was 10,051 US dollars / ton, down 50 US dollars, or 0.
50%.

In terms of the market, the domestic spot copper price rose slightly during the day, and the price of Yangtze River nonferrous metal network 1# copper was reported at 72260 yuan / ton, up 50 yuan, and the premium was 230-290; Guangdong spot 1# copper price was 72030 yuan / ton, up 70 yuan; Yangtze River spot 1# copper 72300 yuan / ton, up 80 yuan, premium 280-liter 320; Shanghai spot 1# copper price was 72240 yuan / ton, up 60 yuan
.

In the spot market, due to the low impact of the epidemic on weekends, merchants shipped at high prices, and waited downstream to wait for price adjustments, and the overall trading volume was average
.
The outlook for the Russia-Ukraine crisis is uncertain, and the Federal Reserve may start a rate hike cycle this week, while the high level of international oil prices has fallen, and copper prices have been hindered from rising, but global inventories are still at a relatively low level, and there is still strong support
below the short-term.

Industry news, Marioma, the world's largest copper producer, the finance minister of Chile? Searle said Chile's tax reform will focus more on individual, natural resource and environmental collections than on businesses
.

On the whole, the current long and short are intertwined, there is resistance, overseas policies are gradually tightened, domestic policies are difficult to exceed expectations, and domestic and foreign economic prospects are uncertain
.
There is support, the Russia-Ukraine conflict continues to ferment, overseas tightening liquidity is restrained, and energy prices remain high, the market is worried about inflation, maintaining the view
of copper prices fluctuating at a high level.