Shanghai copper bottoms out and recovers, and the probability of a deep price fall is unlikely

During the Asian session, London copper bottomed out, and the latest quotation at 15:01 Beijing time was 8302 US dollars / ton, up 22 US dollars, or 0.
26%.

In terms of macro, the Central Finance Office: It is necessary to fully recognize the importance of the real estate industry and release the potential of housing consumption
.
ECB officials continue to hawkish: they will continue to raise interest rates at a pace similar to last week, which could take up to two years to take effect
.
Japan signaled it would adjust its 2 percent inflation target, and the yen opened higher
.

Today's domestic spot copper prices fell, Yangtze River spot 1# copper reported 65770 yuan / ton, down 390 yuan, liter 540-liter 580; Yangtze River Comprehensive 1# copper price reported 65690 yuan / ton, down 430 yuan, premium 420-liter 540; Guangdong spot 1# copper price was reported at 65610 yuan / ton, down 460 yuan, premium 300-500 liter; Shanghai spot 1# copper price was 65660 yuan / ton, down 400 yuan
.

In the spot market, the premium water remained stable and rebounded, the supply and circulation were tight, traders raised their shipments, and the downstream maintained just need to buy, and the total transaction volume performance was average
.
The macro atmosphere is cold, the global hawkish signal is shrouded, and the pressure on the metal market is strengthened, but low inventories and supply disruption concerns are heating up, supporting short-term prices, and the probability of a deep fall in copper is not large
.