Copper prices fell slightly under pressure and further observation of consumption performance was needed

During the Asian session, London copper opened low and rebounded, and the latest quotation at 15:01 Beijing time was 10,312 US dollars / ton, up 10 US dollars, or 0.
1%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River spot 1# copper 73890 yuan / ton, down 160 yuan, premium 260-300 liter; Yangtze River non-ferrous metal net 1# copper price reported 73800 yuan / ton, down 180 yuan, premium 160-liter 220; Guangdong spot 1# copper price was 73700 yuan / ton, down 150 yuan; Shanghai spot 1# copper price was 73720 yuan / ton, down 280 yuan
.

Cargo holders continued to sell goods for cash yesterday, and the enthusiasm of receiving companies to buy was still relatively general, mostly stopping and waiting, and the overall trading was flat
.
The hawkish stance of the Federal Reserve boosted the strength of the US dollar, copper prices fell slightly under pressure, and internal and external inventories diverged, and the domestic epidemic limited terminal demand, copper prices will continue to maintain a high volatility pattern
.

On the macro front, under the background of high inflation, the Fed has the possibility of continued hawkish expectation management, and the economic outlook is still uncertain, copper price bearish factors may gradually appear, maintaining the view
of copper price high volatility.
Recently, the Fed sent hawkish signals, the US dollar index continued to rise, domestic and foreign inventory changes diverged, and further observation of consumer performance
is needed.