Shanghai copper weak operation The actual trading of the market is still quiet

During the Asian session, London copper fluctuated at a high level, and the latest quotation at 15:01 Beijing time was 9890 US dollars / ton, up 60 US dollars, or 0.
61%.

In terms of the market, today's domestic spot copper prices fell sharply, Yangtze River non-ferrous metal network 1# copper price was reported at 71550 yuan / ton, down 1050 yuan, premium 220-280; Guangdong spot 1# copper price reported 71290 yuan / ton, down 1080 yuan / ton; Yangtze River spot 1# copper 71480 yuan / ton, down 1120 yuan, premium 160-liter 200; Shanghai spot 1# copper price was 71480 yuan / ton, down 1090 yuan
.

In the spot market, the buyer's receiving sentiment is general, waiting and waiting for a small amount of mining, and the actual transaction is still quiet
.
U.
S.
inflation continues to hit new highs, interest rate hike expectations stimulate market risk aversion, and Shanghai copper inventories climb, coupled with the slow pace of downstream resumption, the operating rate is still at a low level, market demand is at a sluggish level, and short-term copper prices continue to run
weakly.

At present, the domestic copper concentrate supply is abundant, spot processing fees have risen slightly, and the promotion of Mongolian copper and gold mine projects is conducive to improving the expectation of increasing copper mine supply, coupled with the continuous recovery of Shanghai copper inventories, the worries of the supply are alleviated, copper prices are under pressure, and copper is expected to fall.