Shanghai copper weak shock market demand recovery is limited

During the Asian session, London copper was on the strong side, and the latest quotation at 15:01 Beijing time was 9509 US dollars / ton, up 44 US dollars, or 0.
46%.

In terms of the market, today's domestic spot copper prices are mainly stable, Yangtze River non-ferrous metal network 1# copper price is reported at 70270 yuan / ton, stable, premium 170-230; Guangdong spot 1# copper price reported 70210 yuan / ton, down 10 yuan; Yangtze River spot 1# copper 70330 yuan / ton, flat, premium 240-liter 260; Shanghai spot 1# copper price was reported at 70230 yuan / ton, down 110 yuan
.

In the spot market, the circulation supply is more abundant, the receiver purchases on demand, the transaction is relatively light, and the overall transaction performance is average
.
Fed tightening expectations have picked up slightly, the risk of a strike at the largest copper mine has decreased and is still in production, and domestic accumulation, coupled with weak downstream consumption performance, short-term copper prices are weak
.

Industry highlights, sources said on Thursday that workers at Chile's Escondida copper mine agreed to a new contract
with management.
The deal avoids strikes
that could cripple the country's key industries.

In terms of news, although there is a risk of strike, Chile's Caserones copper production is still continuing, and the amount of domestic imported copper has declined, but downstream consumption is general, and the recovery of demand will not be smooth sailing, it will still be, and copper prices are expected to fall
slightly.