Shanghai copper rally sentiment frustrated Market consumption weakened due to the epidemic

During the Asian session, London copper rose in a narrow range, and the latest quotation at 15:01 Beijing time was 10,022 US dollars / ton, up 130 US dollars, or 1.
31%.

Today's domestic spot copper prices are mixed, Yangtze River non-ferrous metal network 1# copper price is 71890 yuan / ton, down 80 yuan, premium 290-350; Guangdong spot 1# copper price was reported at 71650 yuan / ton, down 80 yuan; Yangtze River spot 1# copper 71960 yuan / ton, down 70 yuan, premium 370-liter 410; Shanghai spot 1# copper price was 72,030 yuan / ton, up 250 yuan
.

In the spot market, the tight supply of circulating goods stimulates the rise of the rising water, the sentiment of cargo holders is strong, and downstream consumption has weakened due to the epidemic, and the overall cautious wait-and-see attitude
.
The Fed's interest rate hike of 25 basis points is basically certain, coupled with the sudden growth rate of the domestic epidemic, which dampens the upward sentiment of copper prices, but the low global inventory supports copper prices strongly, and copper prices are expected to continue to maintain a volatile trend
in the short term.

In terms of news, the National Bureau of Statistics released economic data from January to February, although the overall data exceeded expectations, but the domestic economic data was limited, while the growth of the epidemic scale made local control tighter and suppressed the rising sentiment of copper prices, and downstream products were difficult to ship, demand also fell, copper or stable
.