Copper prices opened low overnight and the center of gravity shifted downward

In terms of external trading, Apanlon copper opened at 6485 US dollars / ton, winding the daily moving average sideways
.
After the opening of Shanghai copper, London copper fell slightly to $6465 / ton before rebounding
.
However, after being affected by the concentrated entry of bears, London copper fell sharply to test the intraday low of 6433.
5 US dollars / ton, and rebounded upward
after finding support at the bottom.
Near the end of the Asian session, affected by the rise in oil prices, London copper climbed to the intraday high of 6532 US dollars / ton, but the high caused bulls to profit and leave the market, and London copper gave up its gains slightly
.
As of 17:00, London copper closed at $6509/ton, up $32/ton, or 0.
49%.

In terms of the market, affected by the tension between China and the United States, non-ferrous base metals all turned green, overnight London copper fell sharply, and Shanghai copper returned to below 52,000 yuan / ton as low as 51,700 yuan / ton
。 Holders basically continue the previous day's quotation style, good copper premium 80 ~ liter 100 yuan / ton, flat water copper premium 30 yuan / ton, the market is cautious wait-and-see attitude; Entering the second trading session, copper prices fell, the market was willing to buy flat water copper with a premium of 20 yuan / ton, and the holder held a firm quotation after the transaction improved significantly, flat water copper concentrated in the premium 30 ~ premium 40 yuan / ton, good copper maintained at about 100 yuan / ton, but the transaction was inferior to flat water copper, and the wet price narrowed slightly after the copper price fell, maintaining a discount of around
50 yuan / ton.
After the copper price recovered, some downstream bargain hunting replenishment, traders are mostly long-term single users, mainly at low price transactions, the premium temporarily stabilized
when the market pullback.
In the afternoon, the plate was narrowly sorted, the center of gravity of operation was slightly lower than in the morning, the market has been difficult to find low-priced sources, holders held steady at flat water copper 40-50 yuan / ton, good copper premium 90-100 yuan / ton, the transaction price remained stable at 51710-51830 yuan / ton
.

Shanghai copper fell during the day as escalating tensions between China and the United States dampened market optimism
.
Last night, affected by the political provocation launched by the United States to close the Chinese consulate in Houston, the Shanghai copper opened low overnight, and the center of gravity also shifted
.
Tensions between China and the United States continue to simmer, new diplomatic disputes have unnerved investors, and a resurgence in market risk aversion weighs on copper prices
.
Shanghai copper closed negative during the day, KDJ opening expanded, but there is still 5 and 10 daily moving average adhesion support below
.
Wait for the guidance of the external market, test whether the bulls can exert strength again, support copper prices to continue to rush up and hold the 52000 mark
.