Shanghai copper is strong oscillating and there is support at the bottom

During the Asian session, London copper fluctuated strongly, and the latest quotation at 15:01 Beijing time was 6547 US dollars / ton, up 11 US dollars, or 0.
17%.

In terms of the market, today's domestic spot copper prices stabilized, Yangtze River non-ferrous metal network 1# copper price was reported at 51410 yuan / ton, up 10 yuan, 30-90 liters; Guangdong spot 1# copper price was 51330 yuan / ton, unchanged; Yangtze River spot 1# copper price 51470 yuan / ton, up 20 yuan, premium 100-liter 120; Shanghai spot 1# copper price was 51390 yuan / ton, up 15 yuan
.

In the spot market, the willingness of holders to exchange cash has increased, traders' sentiment has been sluggish, and downstream consumption has continued to be weak
.
The operation of the Grasberg copper and gold mine in Indonesia's free port continues to be interrupted, there are optimistic expectations in Sino-US trade negotiations, and there is support
at the bottom of copper prices.

Due to the off-season of demand in July and August, copper prices are difficult to perform, and the market transaction is light, so copper prices have retreated
.
It should be said that after the epic rally in the second quarter, it is normal for copper prices to have a correction in the off-season, and the adjustment is not too large
at present.
For the future copper price gradually out of the off-season performance, still optimistic expectations
.
In the long term, copper prices are expected to be strong in
the context of global monetary easing and proactive fiscal policy.