Shanghai copper weak shock short-term still narrow fluctuations

During the Asian session, London copper rebounded, and the latest quotation at 15:01 Beijing time was 9487 US dollars / ton, up 55 US dollars, or 0.
58%.

Today's domestic spot copper prices fell, Yangtze River non-ferrous metal network 1# copper price was reported at 69710 yuan / ton, down 860 yuan, premium 100-liter 160; Guangdong spot 1# copper price reported 69710 yuan / ton, down 800 yuan; Yangtze River spot 1# copper 69750 yuan / ton, down 860 yuan, premium 220-liter 240; Shanghai spot 1# copper price was 69820 yuan / ton, down 680 yuan
.

In the spot market, the holders adjusted the price and shipped, the demand of the receiving party turned to wait and see, the trading activity was good, and the overall transaction performance was
acceptable.
Chile copper mine strike risk subsided, domestic industrial added value in August was less than expected, coupled with the state's regulation of real estate, and copper concentrate processing fees climbed, short-term refined copper supply continued to improve, copper prices still fluctuated in a narrow range
.

In terms of news, the threat of strikes at Chilean copper mines has subsided, the shortage of raw materials has eased, supporting the future supply of copper mines, domestic refined copper smelting and processing fees have continued to rise, smelter profits have continued to increase, and production enthusiasm has been enhanced, and copper prices are expected to fall
today.

Workers at the Codelco mine agreed to end the strike, and union members at BHP Billiton's mines accepted new wage proposals, easing labor tensions
in Chile, the largest copper producer.