Some of the bears in the early stage took profits, and the copper fluctuated widely

In terms of the market, Shanghai electrolytic copper spot contracts reported a premium of 30-150 yuan / ton, a flat water copper trading price of 47370 yuan / ton - 47450 yuan / ton, and a premium copper trading price of 47450 yuan / ton - 47550 yuan / ton
.
During the day, some holders mainly gradually reduced inventory to strengthen the speed of cash exchange, and throughout the morning session, there was a trend of sellers rushing to cash out, buyers waited and saw the decline in price premium, the market's expectations for consumption were once again shrouded in disappointment, and the copper price in the future market also showed an uncertain mentality
.

Market hot spots, the Asian dollar recovered slightly, now trading around 95.
847, as the market increasingly expects the Federal Reserve to suspend or suspend the interest rate hike cycle, and the weakness of the US ISM non-manufacturing industry also weighed on the US dollar, overnight the dollar index further down, intraday Asian market period rebounded
.

Industry-wise, Imperial Metals is shutting down production
at its Polley mine in British Columbia.
The company said it had to make the decision
because of falling copper prices.

Shanghai copper fluctuated widely during the day, as the current market generally paid attention to the progress of Sino-US trade negotiations, and the overall trading was more cautious, and the trading volume of the copper market fell
sharply.
In the spot market, holders mainly strengthen the speed of cash exchange by gradually reducing inventory, but buyers are waiting and waiting for the price to decline, the market's expectations for consumption are once again shrouded in disappointment, and the copper price in the future market also shows an uncertain mentality, it is recommended to wait and see for Shanghai copper for the time being
.