Shanghai copper rushed back down The overall trading volume of the market is average

Today's Shanghai copper rushed back down, the main month 2207 contract opened at 70870 yuan / ton, the highest intraday 71180 yuan / ton, the lowest 70530 yuan / ton, settled 71010 yuan / ton, closed 70540 yuan / ton, down 470 yuan, down 0.
66%.

During the Asian session, London copper was strongly volatile, and the latest quotation at 15:01 Beijing time was 9234 US dollars / ton, up 26 US dollars, or 0.
28%.

In terms of the market, today's domestic spot copper prices rose slightly, Yangtze River spot 1# copper 71420 yuan / ton, up 70 yuan, premium 380-liter 420; The Yangtze River Comprehensive 1# copper price was reported at 71260 yuan / ton, up 70 yuan, and the premium was 180-300; Guangdong spot 1# copper price reported 71100 yuan / ton, up 70 yuan, discount 20-liter 180; Shanghai spot 1# copper price was 71310 yuan / ton, up 50 yuan
.

In the spot market, downstream consumption has improved month-on-month, but demand is limited, holders are not willing to continue to adjust prices, and the overall trading volume appears to be average
.
After the Fed raised interest rates as expected by the market, the US index retreated, copper prices once stabilized and rose slightly, and the market atmosphere was not good, and the intraday gains continued to fall
.

Shanghai copper opened low today, and the latest opening price of the Shanghai copper 2207 contract was 70890 yuan / ton, down 120 yuan
.
There is still uncertainty in global copper supply, of which Codelco copper mine stopped the operation of the Vitanas smelter and refinery, which has a crude refining capacity of 150,000 tons and a refining capacity of 400,000 tons, overseas copper supply is under pressure, the domestic import window is open, copper concentrate imports have increased slightly, but the market sentiment is cautious and on-demand procurement, the terminal real estate sector is still performing poorly, and it is still necessary to wait for the landing of various support policies, and copper is expected to remain stable
.