Shanghai copper is strongly volatile, and the overall trading volume of the market is deadlocked

During the Asian session, London copper opened low and fluctuated, and the latest quotation at 15:00 Beijing time was 9024 US dollars / ton, down 42 US dollars, or 0.
46%.

In terms of the market, today's domestic spot copper prices rose, Yangtze River nonferrous metal network 1# copper price was reported at 66900 yuan / ton, up 310 yuan, discount 110-discount 50; Guangdong spot 1# copper price was reported at 66860 yuan / ton, up 280 yuan; Yangtze River spot 1# copper 66970 yuan / ton, up 310 yuan, discount 30-discount 10; Shanghai spot 1# copper price was 66830 yuan / ton, up 230 yuan
.

In the spot market, demand continued to be weak, downstream maintained rigid consumption, and the overall transaction was deadlocked
.
Peak season start expectations are strengthened, mine supply disruptions, concentrate processing fees continue to decline, and inventories may show an inflection point
at the end of the month.

On the news front, Peruvian truckers staged a nationwide strike, miners were unable to deliver goods to loading ports, copper concentrate shipments were delayed, including the Las Bambas and Antapaccay mines were affected
.
According to CRU estimates, as clean energy and transportation take off, the copper industry needs more than $100 billion in fertilizers to fill a supply gap that could reach 4.
7 million tons by 2030, commodity trader Trafigura Group said that if a new copper mine is built, the potential surplus gap for copper could reach 10 million tons, and spot copper prices are expected to rise
.