Consumption weakened seasonally, and Shanghai copper fluctuated weakly

During the Asian session, London copper opened low and went low, and the latest quotation at 15:00 Beijing time was 7922 US dollars / ton, down 83.
5 US dollars, or 1.
04%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River non-ferrous metal network 1# copper price reported 58850 yuan / ton, down 150 yuan, premium 50-liter 110; Guangdong spot 1# copper price was 58820 yuan / ton, down 170 yuan; Yangtze River spot 1# copper 58970 yuan / ton, down 160 yuan, premium 180-liter 200; Shanghai spot 1# copper price was 58840 yuan / ton, down 230 yuan
.

In the spot market, holders maintain their willingness to hold prices, downstream demand is weak, a small amount of rigid purchases, and the transaction is not good
.
The US bailout bill may encounter obstacles, the global epidemic has worried the demand outlook, and the downstream factories are gradually closed for the Spring Festival approaching the Spring Festival, and copper prices are under pressure
.

Short-term consumption weakened seasonally, and downstream industries were on holiday
.
Driven by national policies, the development of new infrastructure, new energy vehicles and other related industries can be expected, the current low inventory support still exists, the inventory in the previous period fell for three consecutive weeks, LME copper stocks are smooth, global explicit stocks have not yet ushered in accumulation, spot copper prices are expected to rise
slightly.