Shanghai copper fluctuates at a low level The overall trading in the market is very cold

During the Asian session, London copper fluctuated lower, and the latest quotation at 15:01 Beijing time was 9481 US dollars / ton, down 55 US dollars, or 0.
57%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was reported at 70570 yuan / ton, down 790 yuan, premium 60-liter 120; Guangdong spot 1# copper price was reported at 70510 yuan / ton, down 790 yuan; Yangtze River spot 1# copper 70610 yuan / ton, down 800 yuan, premium 290-liter 310; Shanghai spot 1# copper price was reported at 70,500 yuan / ton, down 975 yuan
.

The spot market response is light, the enthusiasm of both buyers and sellers is not high, the receiving party just needs to receive the goods at a low price, the overall transaction is very cold, and the transaction volume is limited
.
Chilean copper mine strike risk suspended, copper mine production gradually recovered, domestic refined copper smelters have better profits, production enthusiasm has increased, coupled with the country's continuous voice to strengthen the regulation of commodity prices, copper prices have shifted
downward.

In terms of news, BHP Billiton and Codelco have reached a wage agreement, the risk of copper supply mine strike is temporarily alleviated, and the domestic long and short divergence is large, superimposed on the country's continuous voice to regulate commodities, emphasizing that operator pricing can not only emphasize market supply and demand, do not consider production and operation costs, and expect copper prices to fall
.