Shanghai copper fluctuated at a low level, and the overall market transaction was better

During the Asian session, the trend of London copper fluctuated, and the latest quotation at 15:01 Beijing time was 9290 US dollars / ton, up 66 US dollars, or 0.
72%.

In terms of the market, today's domestic spot copper prices fell, 1# copper price was 69200 yuan / ton, down 820 yuan, premium 340-liter 400; Guangdong spot 1# copper price was 68990 yuan / ton, down 960 yuan; Yangtze River spot 1# copper 69210 yuan / ton, down 870 yuan, premium 350-liter 370; Shanghai spot 1# copper price was 69200 yuan / ton, down 820 yuan
.

In the spot market, holders want to cash at high prices, there is still confidence in prices, and the overall downstream buying is not prosperous, but the downstream stocking demand increases near the end of the month, and the overall transaction is better
.
Due to poor economic data at home and abroad, coupled with the National Development and Reform Commission's repeated emphasis on ensuring supply and stabilizing prices, and implementing various cost-reduction policies, copper prices fell
under pressure.

According to foreign news on August 17, community leaders said on Tuesday that residents near Minmetals' Las Bambas copper mine in the Peruvian Andes blocked a road used to transport metals, after two weeks of calming down
.

The recent weak trend of copper prices is mainly due to the slowdown in consumer demand due to poor domestic economic data, the intensification of market concerns about future demand, and the National Development and Reform Commission's renewed emphasis on ensuring supply and price stability, and policy implementation, which is expected to fall
.