Shanghai copper trend is weak, short-term will remain weak and volatile

During the Asian session, London copper rushed back down, and the latest quotation at 15:01 Beijing time was 9313 US dollars / ton, down 24 US dollars, or 0.
25%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 69330 yuan / ton, down 340 yuan, premium 40-100; Guangdong spot 1# copper price reported 69360 yuan / ton, down 340 yuan; Yangtze River spot 1# copper 69390 yuan / ton, down 320 yuan, premium 100-liter 120; Shanghai spot 1# copper price was 69270 yuan / ton, down 320 yuan
.

In the spot market, the holders mainly dumped goods for cash, the receiver performed coldly, and the downstream continued to maintain just need to purchase, and the overall transaction was average
.
In August, global copper smelting activity was sluggish, the central ecological and environmental protection supervision team was stationed, and a smelter in central China did not meet environmental protection standards, which will affect the output in September to fall by 10%-20%, but downstream consumption continues to be sluggish, copper prices will remain weak in the short term
.

In terms of news, China's weak economic data dragged down non-ferrous metal consumption, and domestic copper imports continued to decline in August, unwrought copper and copper imports were 394017 tons, down 7% month-on-month, for five consecutive months of decline, down 41% year-on-year, indicating pentified demand, copper prices under pressure above, copper prices fell
slightly.