Shanghai copper continues to decline and the market transaction is average

During the Asian session, the trend of London copper was weak, and the latest quotation at 15:01 Beijing time was 8815 US dollars / ton, down 114 US dollars, or 1.
28%.

In terms of the market, today's domestic spot copper prices fell sharply, Yangtze River non-ferrous metal network 1# copper price was reported at 65780 yuan / ton, down 1000 yuan, premium 90-liter 150; Guangdong spot 1# copper price reported 65690 yuan / ton, down 1000 yuan; Yangtze River spot 1# copper 65800 yuan / ton, down 1000 yuan, premium 110-liter 130; Shanghai spot 1# copper price was reported at 65710 yuan / ton, down 1060 yuan
.

In the spot market, traders are more wait-and-see, downstream buying sentiment is not high, and the transaction is average
.
Shanghai copper inventories ended a nine-day streak, but London copper inventories accelerated, Chilean miner Antofagasta said copper prices soaring not enough to attract large investment, tight supply or will continue, copper prices may be below the support
below.

The copper market remained volatile
at high levels last week.
The fall of the dollar has given some support to the copper market, but when the US economy recovers rapidly, US bond yields will continue to rise, and the dollar rebound will still put pressure
on the copper market.
In the copper market, the closure of Chile last week once triggered market concerns about Chilean copper production, but as the pillar of Chile's economy, copper mine production and transportation have not been affected, foreign inventories have increased and domestic consumption seasons are not strong, and the suppression effect of high copper prices is still
there.
It is estimated that the situation of high volatility and downward shift in the copper market will continue
.