November 17 London Morning Review

In terms of the market, as of November 16, the spot price of London copper was 6716 US dollars / ton, a discount of 36.
75 US dollars / ton compared with the March contract; The actual ratio of Shanghai copper spot to London copper spot was 7.
9 (import ratio was 7.
87), and the import profit was 232 yuan / ton; The actual ratio of the Shanghai copper 3 contract to the London copper March contract was 7.
87 (the import ratio was 7.
87), and the import loss was 3 yuan / ton
.

In terms of news, because China's industrial data is not as expected, causing the market to generally worry that China is experiencing a slowdown in growth, the US dollar index has weakened slightly, overnight metal performance is mixed, London copper shows that it basically maintains a weak operation at the recent low level, lacks the necessary momentum to rebound and rise, technical performance is still bearish, copper prices have not risen for the time being, the overall performance is still sluggish, it is expected that London copper will maintain a weak shock in the short term
.