Shanghai copper volatility weakened The overall trading volume of the market is average

During the Asian session, the trend of London copper fluctuated, and the latest quotation at 15:01 Beijing time was 9383 US dollars / ton, up 10 US dollars, or 0.
10%.

In the market, today's domestic spot copper prices fell, 1# copper price was 69960 yuan / ton, down 440 yuan, premium 490-550; Guangdong spot 1# copper price was 69760 yuan / ton, down 190 yuan; Yangtze River spot 1# copper 70040 yuan / ton, down 250 yuan, premium 450-liter 750; Shanghai spot 1# copper price was 69900 yuan / ton, down 330 yuan
.

In the spot market, some traders are holding goods and selling strongly, downstream replenishment has slowed down slightly, still afraid of high and low procurement, and the overall trading volume is average
.
Concerns about new strains and Powell's hawkish comments put pressure on the face, superimposed on the easing of power cuts and the improvement in electrolytic copper supply, while spot support weakened, and short-term copper prices or shocks were weak
.

At present, the variant virus is spreading overseas, the sentiment of the commodity market is empty, and the Federal Reserve will adopt a more aggressive tightening policy on high inflation; The domestic market trading contracted, the overall demand continued to reduce into the off-season, the downstream is dominated by payment collection and inventory reduction, demand release is not sustainable, the price rebound space is limited, and the position is still at a high level after the decline, short-term copper prices remain weak and volatile, and copper is expected to fall
.