Shanghai copper is strong and volatile, and it may be difficult to continue to rise in the short term

During the Asian session, London copper bottomed out, and the latest quotation at 15:01 Beijing time was 9876 US dollars / ton, up 77 US dollars, or 0.
78%.

Today's domestic spot copper prices fell slightly, Yangtze River spot 1# copper 73960 yuan / ton, down 50 yuan, premium 390-liter 430; Yangtze River non-ferrous metal network 1# copper price reported 73950 yuan / ton, down 20 yuan, premium 370-liter 430; Guangdong spot 1# copper price was reported at 73690 yuan / ton, down 10 yuan; Shanghai spot 1# copper price was 73805 yuan / ton, down 155 yuan
.

In the spot market, the holder has no intention of adjusting the price and choosing to wait and see, the receiver is cautious to reduce the price, the trading between the two sides is slightly deadlocked, and the overall trading volume declines
.
The domestic epidemic situation is still in dire straits, and copper consumption has been dragged down to a certain extent under the strict epidemic prevention policies, but more favorable policies are expected to be introduced in China to support the economy and stabilize market sentiment, and copper prices will fluctuate in the short term
.

Industry news, April 27: Las Bambas, Chilean copper mine at Minmetals Resources (MMG), is considering a plan to expel protesters who have camped in the mine and forced the copper mine to stop production; The El Roble copper mine is now operational
.

At present, the signs of global economic weakening are more obvious, foreign PMI has fallen, consumer confidence has declined, domestic epidemic impact, weak consumption, weak exports, the economy has been significantly impacted, and the market outlook in the short term is not optimistic enough to support copper prices to continue to rise
.