Shanghai copper runs low and the market transaction is average

During the Asian session, London copper rushed back down, and the latest quotation at 15:01 Beijing time was 6757 US dollars / ton, down 1 US dollar, or 0.
01%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 51920 yuan / ton, down 170 yuan, premium 0-60; Guangdong spot 1# copper price was reported at 51890 yuan / ton, down 210 yuan; Yangtze River spot 1# copper price 52040 yuan / ton, down 220 yuan, premium 130-liter 150; Shanghai spot 1# copper price was 51890 yuan / ton, down 260 yuan
.

In the spot market, the willingness to ship is acceptable, the middleman mainly receives goods at a low price, the downstream consumption is still weak, and the transaction is general
.
Citi said copper is on the defensive ahead of vaccine progress and the U.
S.
election, and election uncertainty and coronavirus concerns could organize investors to "buy in full force.
"

After the exchange of Shanghai copper, the spot premium of 40 yuan still maintained a tepid state, and the downstream bargain slightly increased purchases but had no intention of chasing higher, and the overall demand has not improved
.
In the near future, pay attention to the recovery of downstream demand and pre-holiday stocking
.
It is expected that as consumption gradually recovers, the low support of copper prices is stable and gradually fluctuating
.
Maintaining the mid-line bullish thinking, the 51500-51000 area is a dense trading area in the past two months, and the dip is short
.