Supply continues to be disrupted Shanghai copper is dominated by short-term volatility

During the Asian session, London copper rushed back down, and the latest quotation at 15:01 Beijing time was 9391 US dollars / ton, down 9 US dollars, or 0.
09%.

In terms of the market, today's domestic spot copper prices rose and fell limited, 1# copper price was 69480 yuan / ton, down 40 yuan, premium 210-liter 270; Guangdong spot 1# copper price was 69450 yuan / ton, down 50 yuan; Yangtze River spot 1# copper 69530 yuan / ton, stable, premium 270-liter 290; Shanghai spot 1# copper price was 69495 yuan / ton, up 55 yuan
.

In the spot market, traders actively ship, downstream wait-and-see sentiment is strong, the willingness to receive goods is not high, and the overall activity is not good
.
Although weaker-than-expected domestic economic data has increased market sentiment worries, copper inventories continue to decline, and the impact of limited electricity and energy consumption in major producing areas has led to a continuous decline in refined copper production, continuous disruption to supply, and short-term copper prices are dominated
by volatility.

Industry news, Chilean Andina copper miners will end strike after reaching a collective agreement; Chile's mining minister: $150 billion in investment is needed to double copper production by 2050
.

Dual control of energy consumption in major domestic producing areas and the upgrading of power rationing in turns, supply disturbances continue to affect refined copper production, and copper stocks continue to decline, which has a strong supporting effect on copper prices, and copper prices rise
.