Shanghai copper fluctuated at a low level The overall trading sentiment of the market was relatively cautious

During the Asian session, London copper volatility was weak, and the latest quotation at 15:01 Beijing time was 9253 US dollars / ton, down 3 US dollars, or 0.
03%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was reported at 69110 yuan / ton, down 550 yuan, premium 230-liter 290; Guangdong spot 1# copper price was 69020 yuan / ton, down 470 yuan; Yangtze River spot 1# copper 69110 yuan / ton, down 520 yuan, premium 250-liter 270; Shanghai spot 1# copper price was 68915 yuan / ton, down 585 yuan
.

In the spot market, holders actively ship and clear warehouses, some merchants leave the market to wait and see, and the demand for stocking is not high, the trading atmosphere is not good, and the overall trading volume is flat
.
Overseas mine supply and demand are relatively stable, high domestic copper prices inhibit downstream consumption, superimposed on the arrival of holidays, manufacturers have cooperated with the country to reduce production, the upside of short-term copper prices will be limited
.

High copper prices push up production costs for downstream enterprises and squeeze refinery profits; The holiday is coming, manufacturers have reduced production in line with national policies, market demand has slowed down, plus the fourth dumping will be ushered in after the return of the National Day, and the overall downstream trading sentiment is relatively cautious, and copper is expected to fall
.