Copper prices are weak and volatile close to their lowest level since July last year

In terms of external trading, London copper opened at 5842.
5 US dollars / ton, the copper price slowly climbed to 5859.
5 US dollars / ton at the beginning of the session, before the afternoon of the Asian market, because there was no direct driving force below, London copper went all the way down, bottoming out at 5826.
5 US dollars / ton
.
In the afternoon, after the narrow range of London copper, the short position was reduced, and the copper price returned to 5867 US dollars / ton
.
Entering the European trading session, the center of gravity of copper prices fell back to around
$5847/ton.
As of 17:30, London copper was trading at $5850.
51 / ton
.

In terms of the market, the US tariffs on China of $200 billion are about to end the hearing, the dollar rebounded strongly overnight, the external market led the domestic commodity market to fall, Shanghai copper hovered at 47,500 yuan / ton in the month, morning market holders in the market fell under the strong willingness to hold prices, and copper prices are close to a new low in 14 months, the macro environment has aggravated the downstream fear of decline, the willingness to enter the market to buy goods is low, and the holders have no choice but to start round after round of lowering quotations
。 In the afternoon, imports still have room for profit, holders maintain the willingness to actively ship for cash, there is room for price reduction, but the willingness to enter the market to buy goods continues to be sluggish, the quotation continues to decline slightly, flat water reported copper premium 120 yuan / ton ~ 130 yuan / ton, premium copper premium 170 yuan / ton ~ 180 yuan / ton, afternoon transaction price fell to 47520 yuan / ton ~ 47670 yuan / ton
.

On the news front, U.
S.
President Donald Trump said he was prepared to impose tariffs
on another $200 billion of Chinese imports as early as the end of the public consultation period this week.
The dollar rose
across the board on Tuesday as investors avoided emerging market currencies amid fears of a possible escalation of the U.
S.
-China trade conflict, boosting safe-haven demand for the greenback.
The greenback rose 0.
34% against a basket of currencies to 95.
464, hitting a two-week high of 95.
737 earlier
.
Oil prices were little changed on Tuesday, while gold prices slipped
on Tuesday.
The gains in the U.
S.
dollar and fears of a trade war dampened metal markets, with base metals falling
across the board.
With emerging market demand significantly boosted so far, the market fears that the emerging market crisis may continue to weigh heavily on metal prices
.

On Wednesday, Shanghai copper opened low after six consecutive clouds, close to its lowest level since July last year
.
The rebound of the dollar and the landing of the hearing of 200 billion still make the macro environment difficult to be optimistic, short positions are increased, the low level has not seen the reduction of positions out of the market, the market is temporarily difficult to obtain the power to recover, it is expected that Shanghai copper will continue to hold the bottom support of 47,000 yuan, up to test the short-term pressure level of 47,500 yuan / ton for weak shock sorting
.