Shanghai copper runs at a low level, and the downstream stops and watches

During the Asian session, London copper opened low and went high, and the latest quotation at 15:00 Beijing time was 7119.
5 US dollars / ton, up 45 US dollars, or 0.
64%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 52690 / ton, down 530 yuan, premium 160-220; Guangdong spot 1# copper price was 52580 yuan / ton, down 550 yuan; Yangtze River spot 1# copper price 52740 yuan / ton, down 560 yuan, premium 230-liter 250; Shanghai spot 1# copper price was 52710 yuan / ton, down 520 yuan
.

In the spot market, holders are reluctant to sell, low-priced sources are transacted, and downstream stops and watches
.
The epidemic abroad is still raging, and concerns about new lockdowns in Europe and the United States have increased, but the domestic terminal consumption sector remains hot, and there is support
at the bottom of copper prices.

Copper supply is still gradually recovering, Chile's state-owned copper miner Codelco has reached a three-year agreement with two small unions in El Teniente, and BHP's Spence copper mine has reached an early agreement with the supervisory union, although Lundin Mines' Candelaria copper mine continues to strike; China's refined copper production continues to grow, with refined copper production rising 5.
4% year-on-year to 914,000 mt in October, slightly below the record high of 930,000 mt in December, and spot copper prices are expected to fall
today.