Shanghai copper volatility higher, the overall trading performance of the market is acceptable

During the Asian session, London copper stopped falling and rebounded, and the latest quotation at 15:01 Beijing time was 9369 US dollars / ton, up 99 US dollars, or 1.
07%.

In terms of the market, today's domestic spot copper prices continued to fall, Yangtze River spot 1# copper 72120 yuan / ton, down 480 yuan, premium 180-liter 220; The Yangtze River non-ferrous metal network 1# copper price was reported at 72080 yuan / ton, down 470 yuan, 130-190 liters; Guangdong spot 1# copper price was reported at 71930 yuan / ton, down 430 yuan, discount 120-liter 80; Shanghai spot 1# copper price was 71975 yuan / ton, down 505 yuan
.

In the spot market, holders generally reduce the sale of goods for cash, enter the market at low prices downstream, have good trading activity, and the overall transaction performance is
acceptable.
Driven by risk aversion, the US dollar continued to run at a high level, and global interest rates rose, the risk of recession increased, coupled with the repeated outbreak of the domestic epidemic, copper prices were under pressure, and short-term copper prices maintained a volatile trend
.

Industry data, data released by Chile's National Statistics Institute (INE) on April 29 showed that Chile's copper production in March this year was 462,400 tons, a sharp decline of 7.
2%
year-on-year.

Shanghai copper opened low today, and the latest opening price of the Shanghai copper 2206 contract was 71550 yuan / ton, down 130 yuan
.
Domestic manufacturing activity contracted in April, customs data released on Monday showed that China's export growth slowed in April, the weakest increase in two years, the epidemic situation is still severe and metal demand is damaged, copper prices are affected by this from a high level, coupled with downstream sentiment pessimism, but also let copper prices fluctuate lower, now copper or continue to fall
.