August 29 Shanghai copper morning review

In terms of the market, as of 2017-8-28, the spot price of 1# copper is 52330 yuan / ton, up 60 yuan / ton from the previous day, 450 yuan / ton discount from the near-month contract, the quotation of the holder is stable and firm, the morning wet copper quotation discount is about 150 yuan / ton, the good copper discount is 90 yuan -80 yuan / ton, the transaction is acceptable, from the second trading session, the downstream reaction is little, the attitude of traders is tangled, it is difficult to find a low discount source, the arbitrage space is insufficient, the willingness to buy is not strong, and the transaction is still deadlocked.
Monday is characteristic,

In terms of news, on Monday, the LME market coincided with the bank holiday day closed, Shanghai copper in the morning in the lack of external guidance trend stable, the morning opening after a slight rebound but obviously weak, because last week copper price rise accumulated too large, market capital vitality to end mentality, position data and trading volume continued to reduce positions and exit, but the US dollar index continued to be weak for the short-term copper price to bring support, technical in the short term will also maintain an upward trend, it is expected that Shanghai copper in the range of 52000-53000 yuan strong shock, Keep an eye on the support below
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