Shanghai copper opens low and runs weakly, and the market wait-and-see mood is still strong

During the Asian session, London copper rushed up at a low level, and the latest quotation at 15:01 Beijing time was 9252 US dollars / ton, up 71 US dollars, or 0.
78%.

Today's domestic spot copper prices fell, Yangtze River spot 1# copper 71850 yuan / ton, down 280 yuan, premium 450-liter 490; The Yangtze River Comprehensive 1# copper price was reported at 71850 yuan / ton, down 350 yuan, and the premium was 440-500; Guangdong spot 1# copper price was reported at 71570 yuan / ton, down 400 yuan, premium 140-liter 240; Shanghai spot 1# copper price was 71775 yuan / ton, down 320 yuan
.

In the spot market, holders are actively shipping, and receivers are more cautious in bearish sentiment, but the overall transaction performance is better than yesterday.

The United Nations lowered its global economic growth forecast for 2022, weakening market risk appetite, coupled with the still unsatisfactory performance of domestic demand, copper prices may be difficult to recover in the short term
.

Overseas copper mine supply continues to be disrupted, Peruvian copper mine protests may lead to the loss of tens of billions of dollars of mining investment, copper mines will stagnate, but domestic production repair is expected to increase, Hubei, Shandong new investment and resumption of production steady operation, the impact of the epidemic inventory decline slowed down, downstream replenishment demand is weak, wait-and-see sentiment is still strong, copper is expected to continue to fall
.