Shanghai copper is weak and is in a volatile trend in the short term

During the Asian session, London copper fluctuated at a high level, and the latest quotation at 15:01 Beijing time was 9261 US dollars / ton, up 243 US dollars, or 2.
69%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 69280 yuan / ton, down 460 yuan, premium 310-370; Guangdong spot 1# copper price was 69270 yuan / ton, down 510 yuan; Yangtze River spot 1# copper 69290 yuan / ton, down 490 yuan, premium 280-liter 420; Shanghai spot 1# copper price was 69015 yuan / ton, down 770 yuan
.

In the spot market, the bearish merchants actively adjusted the price of shipments, the receiving party entered the market to inquire about the purchase at the low, the trading atmosphere was average, and the overall trading volume was not good
.
Copper demand concerns have been raised by China's Evergrande Group debt problems recently, but China's real estate policy has been increasing, and copper ore and concentrate imports have decreased, with imports of 1,885,984 tons in August, down 0.
06% month-on-month, and the supply end continues to repair, and short-term copper prices are in a volatile trend
.

In terms of news, China's real estate policy continues to increase, some areas have upgraded purchase restrictions and sales restrictions, suppressing investor confidence, copper concentrate processing fees continue to rise, smelter profits continue to expand, refined copper production continues to increase, downstream copper companies maintain a cautious attitude, and copper is expected to fall.