Shanghai copper volatility is strong, and in the medium term, demand is generally good

During the Asian session, London copper fluctuated lower, and the latest quotation at 15:01 Beijing time was 9792 US dollars / ton, down 63 US dollars, or 0.
64%.

Today's domestic spot copper prices rose, Yangtze River spot 1# copper 74140 yuan / ton, up 180 yuan, premium 370-liter 410; Yangtze River nonferrous metal net 1# copper price reported 74090 yuan / ton, up 140 yuan, premium 310-370; Guangdong spot 1# copper price was reported at 73870 yuan / ton, up 180 yuan, premium 0-200; Shanghai spot 1# copper price was 74035 yuan / ton, up 230 yuan
.

In the spot market, the price adjustment range of holders is limited, and it is still difficult to see a large number of buying interests in the downstream, and the overall transaction is still weakening
.
The Peruvian mine incident and Chilean copper mines will be sanctioned to support copper prices, coupled with domestic resolutions to increase infrastructure construction to stimulate metal demand, but the domestic epidemic has not improved but still dragged down downstream consumption, limiting copper price increases
.

Shanghai copper opened higher today, and the latest opening price of the Shanghai copper 2206 contract was 73260 yuan / ton, up 20 yuan
.
The epidemic situation in Shanghai has not eased and logistics are still restricted, but China is actively promoting infrastructure construction to boost market demand, real estate control is relaxed, and overall demand is good in the medium term, and the overall inventory is at a low level, which supports prices, and copper is expected to remain stable
.