Shanghai copper trend is weak, downstream consumption performance is still not bright

During the Asian session, the London copper shock weakened, and the latest quotation at 15:01 Beijing time was 6881.
5 US dollars / ton, down 27.
5 US dollars, or 0.
40%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was 52170 yuan / ton, down 210 yuan, 50 liters of water 110; Guangdong spot 1# copper price was 52020 yuan / ton, down 210 yuan; Yangtze River spot 1# copper price 52250 yuan / ton, down 180 yuan, premium 140-liter 160; Shanghai spot 1# copper price was 52190 yuan / ton, down 175 yuan
.

In the spot market, holders shipped at low prices, traders received goods in a sluggish mood, downstream consumption continued to be weak, and transactions were not good
.
The International Forged Copper Commission is expected to demand for copper this year and next, but still expects this year to be the first year in more than a decade when demand will decrease; At present, there is still no bright spot in the performance of downstream consumption, and short-term copper prices may remain volatile
.

As October draws to a close, financial market risk appetite fluctuates rapidly with the new crown epidemic, economic stimulus measures and political situation, and global asset prices, especially stock markets and commodity highs, fluctuate in both directions, hoping that the prospect of new crown vaccines and a new round of economic stimulus measures will be introduced
as soon as possible.
At present, the high volatility of copper and aluminum led by macro factors is waiting for the direction of the macro trend, while the end of the traditional peak season has signs of weakening, and the follow-up policy stimulus and implementation remain to be seen, and the medium line focuses on Sino-US monetary and fiscal stimulus policy guidance and dynamic supply and demand adjustment
.