In the afternoon, the market of Shanghai copper turned good, and the trend was strong and volatile

During the Asian session, London copper was strongly volatile, and the latest quotation at 15:01 Beijing time was 7697 US dollars / ton, up 75 US dollars, or 0.
98%.

Today's domestic spot copper prices fell slightly, Yangtze River spot 1# copper 61980 yuan / ton, down 20 yuan, premium 560-liter 600; The Yangtze River Comprehensive 1# copper price was reported at 62010 yuan / ton, down 10 yuan, and the premium was 550-670; Guangdong spot 1# copper price reported 62040 yuan / ton, flat, premium 540-liter 740; Shanghai spot 1# copper price was 61830 yuan / ton, down 90 yuan
.

In the spot market, the source of spot goods is still relatively limited, the willingness of holders to hold prices is still strong, and downstream consumption is afraid of heights and hesitation lacks the willingness to chase high and stock up, and the overall transaction performance is average
.
The Fed hawkishly sounded, but did not actually exert pressure, while Chilean copper mines once again appeared strike disturbances, providing support for copper prices, coupled with domestic spot still maintaining a tense pattern, copper prices rebounded
slightly.

Recently, the energy crisis poses an existential threat to EU metal producers, due to the sharp increase in cost pressure, making producers overwhelmed, so they will choose to reduce production or stop production, and even affect the risk of overseas economic recession, and domestic export data is weaker than expected, but also reflects that overseas demand may be weak, will also increase domestic economic growth pressure, so copper prices have fallen, but domestic supply and demand is still in a tight state, holders are willing to hold prices, buying has weakened, and copper is expected to remain stable
.