Shanghai copper continues to seek the bottom The overall transaction of the market is average

During the Asian session, London copper trend is strong, the latest quotation at 15:01 Beijing time is 9236 US dollars / ton, up 46 US dollars, or 0.
5%.

In terms of the market, today's domestic spot copper prices fell, 1# copper price was 67750 yuan / ton, down 1340 yuan, premium 200-liter 260; Guangdong spot 1# copper price reported 67550 yuan / ton, down 1410 yuan; Yangtze River spot 1# copper 67770 yuan / ton, down 1390 yuan, premium 240-liter 260; Shanghai spot 1# copper price was 67780 yuan / ton, down 1390 yuan
.

In the spot market, the circulation supply is limited, the low-price transaction is smooth, the downstream demand is weak, and the overall transaction is average
.
Copper prices extended yesterday's volatile downside, following the Federal Reserve's increase in the repo rate, expectations of tighter short-term liquidity rose, the dollar soared, and metals came under pressure
.
Short-term market sentiment and macro will dominate the market, and copper prices continue to seek bottoming and looking for support
.

Copper prices continued to fall on Thursday, the main reason for the retaliatory rise of the dollar, after half a year of dormancy at the low, the tone of the recent Fed meeting began to weaken, triggering a sharp reduction in dollar bears, which also means that the financial attributes of commodities have declined, and prices have begun to return
to fundamentals.
Back to the copper market, overseas inventories continue to rise, domestic continues to decline, import windows begin to recover, and scrap copper is sold, but the entry of consumers can form real support, waiting for the emergence
of this price level.