Market risk aversion heats up, Shanghai copper trend is weak

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 51910 yuan / ton, down 590 yuan, premium 0-liter 60; Guangdong spot 1# copper price reported 51910 yuan / ton, down 600 yuan; Yangtze River spot 1# copper price 52010 yuan / ton, down 590 yuan, premium 110-liter 150; Shanghai spot 1# copper price was 51865 yuan / ton, down 735 yuan
.

In the spot market, traders are mainly traded, the volume of goods is not large and the inquiry is low-priced, and the downstream just needs to be purchased, and the transaction is general
.
Sino-US relations tend to be tense, market risk aversion is heating up, but copper concentrate continues to be tight, mine end disturbances are still there, copper prices may have limited downside
.

Shanghai copper fell today, mainly as escalating tensions between China and the United States hit market optimism
.
Last night, affected by the political provocation launched by the United States to close the Chinese consulate in Houston, the Shanghai copper opened low overnight, and the center of gravity also shifted
.
Tensions between China and the United States continue to simmer, new diplomatic disputes have unnerved investors, and a resurgence in market risk aversion weighs on copper prices
.
Wait for the guidance of the external market in the evening to test whether the bulls can exert strength again, supporting copper prices to continue to rush up and hold the 52000 mark
.