Shanghai copper fell slightly, short-term weak shock trend

During the Asian session, London copper fluctuated in a narrow range, and the latest quotation at 15:01 Beijing time was 9355 US dollars / ton, up 4 US dollars, or 0.
05%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 69630 yuan / ton, down 460 yuan, premium 330-350; Guangdong spot 1# copper price reported 69490 yuan / ton, down 390 yuan; Yangtze River spot 1# copper 69630 yuan / ton, down 460 yuan, premium 330-liter 350; Shanghai spot 1# copper price was 69500 yuan / ton, down 590 yuan
.

In the spot market, the willingness of holders to exchange cash is strong, the price reduction sentiment of the receiving party is high, the supply and demand sides show a stalemate, the trading activity declines, and the overall trading volume declines
.
Domestic continued to speak out to ensure supply and price stability and four rounds of copper dumping, as well as power restrictions affecting upstream and downstream to weak demand, superimposed on macro sentiment to copper prices are still suppressed, short-term copper prices are weak and volatile
.

Interference from overseas mines, Minmetals Peru's Las Bambas copper mine will suspend operations this week, Kazakhstan is also hindered by traffic problems, and copper prices are still supported by low inventories, the last period stocks fell by nearly 10,000 tons to 44,000 tons, LME stocks fell to 226,000 tons, and copper upstream and downstream are limited by electricity, copper is expected to rise and fall limited
.