Shanghai copper is weak and volatile and will continue to fall in the near future

In terms of external trading, Asian market, London copper running low, Beijing time at 15:00, the latest quotation of 5995 US dollars / ton, down 70 US dollars, down 1.
15%.

In terms of the market, the domestic spot copper price remained stable, the Yangtze River spot 1# copper price was reported at 48350 yuan / ton, up 20 yuan, premium 80-120; Shanghai spot 1# copper price was reported at 48300 yuan / ton, up 20 yuan / ton
.
In the spot market, downstream inquiries were positive, traders received goods at low prices, and transactions improved
.

In terms of news, the last Fed decision of the year was released, December raised interest rates as scheduled, and hinted at two rate hikes next year, one less than expected, Powell said that it has reached the low end of the neutral interest rate range, any meeting next year may act, and is not affected by policy, overall the speech is neutral, the main focus at the end of the subsequent year is the Central Economic Work Conference, whether the meeting introduces new policy measures to avoid a sharp slowdown will be the dominant commodity trend
.
The operation recommends that copper, aluminum, zinc, nickel and other varieties that are sensitive to the current situation wait and see
for the time being.

During the day, the main 1902 contract of Shanghai copper fluctuated and fell, the end of the market closed at 48220, after falling below the 48500 support, the price continued to be weak, and it will continue to fall in the near future, and it is recommended to enter the market short
.