Shanghai copper short-term or weak operation, the market trading atmosphere is light

During the Asian session, London copper rebounded higher, and the latest quotation at 15:01 Beijing time was 9717 US dollars / ton, up 41 US dollars, or 0.
42%.

In terms of the market, today's domestic spot copper prices fell slightly, Yangtze River non-ferrous metal network 1# copper price was reported at 70500 yuan / ton, up 10 yuan, premium 380-440; Guangdong spot 1# copper price was reported at 70160 yuan / ton, down 20 yuan / ton; Yangtze River spot 1# copper 70500 yuan / ton, down 30 yuan, premium 380-liter 420; Shanghai spot 1# copper price was 70360 yuan / ton, down 150 yuan
.

In the spot market, holders generally sell at high prices, receivers reduce prices, the trading atmosphere is light, and the actual transaction is limited
.
Although the global copper inventory is still at a low level, in the context of the Spring Festival holiday approaching the traditional off-season, the accumulation cycle is basically coming, and the copper price will continue to be under greater pressure, and the short-term copper price may run
weakly.

Shanghai copper opened lower today, and the latest opening price of the Shanghai copper 2203 contract was 69980 yuan / ton, down 30 yuan
.
The gradual release of global copper mines has led to an increase in the expectation of loose supply, a reduction in maintenance operations at the beginning of the smelting end, or a high level of production, and domestic copper prices will be balanced between accumulation and low inventories in the off-season of the Spring Festival, and copper is expected to fall
slightly.