Shanghai copper runs low, and market risk aversion heats up

During the Asian session, London copper fluctuated downward, and the latest quotation at 15:01 Beijing time was 9710 US dollars / ton, down 37 US dollars, or 0.
38%.

In terms of the market, today's domestic spot copper prices continued to fall, Yangtze River non-ferrous metal network 1# copper price was reported at 70090 yuan / ton, down 620 yuan, premium 130-liter 190; Guangdong spot 1# copper price reported 69900 yuan / ton, down 700 yuan / ton; Yangtze River spot 1# copper 70110 yuan / ton, down 710 yuan, premium 160-liter 200; Shanghai spot 1# copper price was 70,045 yuan / ton, down 790 yuan
.

The spot market continued yesterday's sluggish sentiment, market demand was weak and delisted, traders just needed to pick less, and the transaction performance was average
.
Geopolitical risks have intensified, global financial market volatility has intensified, market risk aversion has heated up, coupled with the fall of the domestic Spring Festival, weak spot market transactions, copper prices under pressure and correction
.

Industry News:

Rio Tinto Plc and the Mongolian government said on Tuesday they had reached an agreement to end a long-running dispute
over the $6.
925 billion expansion of the Oyu Tolgoi copper-gold project.

The Panamanian Chamber of Commerce, Industry and Agriculture (CCIAP) issued a communiqué this week saying its members want the recently concluded royalty agreement between the government and Minera Panama to be implemented in a transparent manner and that the additional funds that the state will receive will not be used for political gain
.