Shanghai copper runs weakly, and market trading continues to stalemate

During the Asian session, London copper opened low and fluctuated, and the latest quotation at 15:01 Beijing time was 8862 US dollars / ton, down 10 US dollars, or 0.
11%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River non-ferrous metal network 1# copper price reported 65720 yuan / ton, down 60 yuan, premium 90-150; Guangdong spot 1# copper price was 65620 yuan / ton, down 70 yuan; Yangtze River spot 1# copper 65740 yuan / ton, down 60 yuan, premium 120-liter 140; Shanghai spot 1# copper price was 65690 yuan / ton, down 20 yuan
.

In the spot market, the willingness to raise prices is strong, downstream on-demand procurement, and trading continues to stalemate
.
According to data from the General Administration of Customs, the import of unwrought copper and copper from January to March increased by 11.
7% year-on-year, the import of copper ore and its concentrate increased by 7.
7% year-on-year, and copper imports remained at a record high level this year.

In terms of news, the NDRC said that the recent rise in international commodity prices is mainly caused by short-term changes in supply and demand, ample liquidity and other factors, and does not have a long-term basis for growth; The agency said that after the bailout plan in the United States, the two-trillion dollar large-scale infrastructure plan will also further release liquidity, short-term or further withdrawal prices, but will not push up
in the long term.
Industry participants expect copper imports to remain at record highs this year, as spot copper prices are expected to fall
slightly due to factors such as economic growth and the rebound in manufacturing demand after the epidemic.