Shanghai copper runs at a low level, and domestic downstream consumption has not improved significantly

During the Asian session, London copper opened in a narrow range, and the latest quotation at 15:01 Beijing time was 10,081 US dollars / ton, up 104 US dollars, or 1.
04%.

In terms of the market, today's domestic spot copper prices fell sharply, Yangtze River nonferrous metal network 1# copper price was reported at 72030 yuan / ton, down 1030 yuan, 200-260 liters; Guangdong spot 1# copper price was reported at 71820 yuan / ton, down 1070 yuan; Yangtze River spot 1# copper 72020 yuan / ton, down 1060 yuan, premium 200-liter 240; Shanghai spot 1# copper price was 72020 yuan / ton, down 1070 yuan
.

In the spot market, holders lowered their quotations, while traders were cautious and wait-and-see, replenishing on demand, and the enthusiasm for receiving goods was obviously insufficient, and the transaction performance was inferior to yesterday.

The collapse of crude oil prices dragged down the trend of domestic industrial products, coupled with the suspension of nickel trading on the two major exchanges in London and Shanghai, which heated up market caution, coupled with the lack of bright spots in domestic downstream consumption, copper prices weakened
.

In terms of news, the suspension of trading in London nickel has heated up market caution, coupled with the emergence of the new situation of the "London nickel incident", the strong irrational emotions dominated by overseas markets have gradually rebounded, while domestic Shanghai copper weakened with the external market and domestic downstream consumption has no bright spots, the overall demand is limited and relatively scattered, and copper is expected to fall
.