Shanghai copper volatility is weak, and the market trading atmosphere is flat

During the Asian session, London copper fluctuated downward, and the latest quotation at 15:01 Beijing time was 9659 US dollars / ton, down 15 US dollars, or 0.
16%.

In terms of industry, Antofagasta, Chile, agreed to sign TC/RC agreements with some Chinese smelters; The Peruvian government has still not reached an agreement
on the reopening of the Las Bambas copper mine.

In the market, spot copper prices fell slightly during the day, and the price of Yangtze River nonferrous metal network 1# copper was reported at 70110 yuan / ton, down 180 yuan, and the premium was 30-90; Guangdong spot 1# copper price was reported at 70140 yuan / ton, down 140 yuan / ton; Yangtze River spot 1# copper 70240 yuan / ton, down 120 yuan, premium 160-liter 200; Shanghai spot 1# copper price was 70,025 yuan / ton, down 115 yuan
.

In the spot market, the sentiment of holders is high, the receiver waits and sees just need to buy, the trading atmosphere is flat, and the overall transaction performance is relatively deadlocked
.
Copper prices have been supported by the recent European energy tension affecting the non-ferrous sector, but the downstream consumption performance of the domestic New Year holiday is light, and Shanghai copper is weak and slightly lower
.

Most of the buyers and sellers have closed their accounts on the year-end settlement date, and only a few holders still have the demand for shipment and realization, and ship at a large discount, but the effect is still average
.
It is expected that this low-price dumping situation will no longer occur after New Year's Day, and the premium material will rebound
sharply.