Shanghai copper weak operation The overall trading volume of the market is light

During the Asian session, London copper bottomed out, and the latest quotation at 15:01 Beijing time was 9584 US dollars / ton, up 16 US dollars, or 0.
17%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 70690 yuan / ton, down 490 yuan, premium 140-liter 200; Guangdong spot 1# copper price was reported at 70590 yuan / ton, down 530 yuan; Yangtze River spot 1# copper 70790 yuan / ton, down 470 yuan, premium 220-liter 280; Shanghai spot 1# copper price was 70,600 yuan / ton, down 585 yuan
.

In the spot market, the holder actively ships goods, the receiver prepares the goods on demand, the trading atmosphere is cold, and the overall transaction activity is average
.
Recently, overseas mines have been disrupted, and domestic and foreign copper inventories are still at a low level, but domestic coal prices have led the decline again, causing market pessimism to be transmitted, copper prices have fallen, and downstream consumer demand is still not optimistic, and short-term copper prices fluctuate.

From a fundamental point of view, according to the survey data, the impact of restricted electricity and the downstream consumption season, the operating rate of enameled wire in October was 68.
20%, down 9.
75% year-on-year and 3.
12% month-on-month, which was lower than expected
.
With the easing of power curtailments, the operating rate is expected to pick up
in November.
In terms of inventory, the LME destocked significantly and SHFE accumulated slightly
.
In terms of imports, the import loss has widened, and the overall transaction volume is light
.
On the whole, coal prices have retraced again, affecting the overall sector prices, maintaining a wide range of fluctuations unilaterally and judging that there are downside risks
.