Shanghai copper trend is weak, short-term volatility is the mainstay

During the Asian session, London copper rushed back down, and the latest quotation at 15:01 Beijing time was 6673 US dollars / ton, down 36.
5 US dollars, or 0.
54%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was 52120 yuan / ton, down 430 yuan, premium 80-liter 140; Guangdong spot 1# copper price was 52100 yuan / ton, down 360 yuan; Yangtze River spot 1# copper price 52170 yuan / ton, down 430 yuan, premium 140-liter 160; Shanghai spot 1# copper price was 52050 yuan / ton, down 475 yuan
.

In the spot market, the holders have a little price sentiment, and the downstream wait-and-see sentiment is stronger, just demand-based, and the transaction is difficult
.
LME inventories are at historically low levels, and there are no obvious signals in the domestic consumption season, and short-term copper prices are
mainly volatile.

Yesterday's Shanghai copper prices showed a volatile and slightly lower trend, but observing the market premium quotations, flat water copper quotations rose slightly
.
It reflects that holders may still show a relatively optimistic attitude
towards the price outlook in the future.
However, because the impact of the current consumption off-season does not seem to have begun to recede, and the market spot transaction is still relatively light, so in this case, copper prices may temporarily show a volatile pattern, but as long as there is any macro and fundamental relatively favorable situation in the future, then in the context of the current low interest rate and ultra-loose monetary policy, copper prices are still expected to be prone to rise and fall
.