Shanghai copper volatility runs market sentiment is cautious

During the Asian session, London copper opened low and went high, and the latest quotation at 15:00 Beijing time was 7870 US dollars / ton, up 56.
5 US dollars, or 0.
72%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was 58060 yuan / ton, down 60 yuan, premium 110-liter 170; Guangdong spot 1# copper price was 57990 yuan / ton, down 120 yuan; Yangtze River spot 1# copper 58200 yuan / ton, down 60 yuan, premium 220-liter 240; Shanghai spot 1# copper price was 57840 yuan / ton, down 330 yuan
.

In the spot market, holders are willing to hold prices, overall demand is limited, downstream consumption is weak, and transactions are poor
.
Chilean exports were disrupted due to rising waves, copper concentrate processing fees accelerated to decline, and global explicit inventories continued to decrease, but domestic consumption weakened at the end of the year, and short-term copper prices remained volatile
.

Today's Shanghai copper bottomed out and rebounded to stabilize, closing the Shanghai copper main 2103 contract at 57910, down 40, or 0.
07%.

The US dollar index rebounded during the day, coupled with the sluggish consumption in the downstream of the market, and the weak operation of Shanghai copper
.
The US bailout package has not yet landed, Republican senators urged Biden to scale back the stimulus, market sentiment is cautious, and it is expected to run
weakly overnight.