A large number of long positions in Shanghai copper entered with their positions, and the center of gravity of the price gradually rose

In terms of external trading, the morning market London copper opened at 6193 US dollars / ton, in the morning session, copper prices around the daily moving average of 6195 US dollars / ton in a narrow range, during the short test of 6179.
5 US dollars / ton, the upper blocked 6200 US dollars / ton
。 At noon, the dollar has a pullback, bulls take advantage of the low to buy, London copper led the climb, pulled up to the intraday high of 6275.
5 US dollars / ton, the high risk aversion of the high mood first appeared, copper prices quickly gave up gains, Asian market late, as the dollar index returned to the 96 point mark, London copper has fallen back to the daily average of 6220 US dollars / ton, temporarily crawling on the daily average, into the European and American hours, Germany France Eurozone released a series of markit manufacturing PMI data, less than expected, the euro was frustrated, The U.
S.
index broke through the 96 mark strongly, standing at a new high of 96.
336 this week, while the LME released an inventory report showing that copper stocks increased by 1125 tons, and there have been 2 days of inventory increments in the week, and London copper fell under pressure again, falling below the daily moving average, almost giving up all the gains of the day, falling back to around
$6200 / ton.

In terms of the market, Shanghai copper struggled at the 50,000 mark, the morning market holders quoted a discount of 20 ~ 20 yuan / ton, market consumption showed no signs of improvement, the activity of the trade market was also difficult to improve, the long order delivery was also nearing the end, the holder took the initiative to lower the quotation, good copper quotation to flat water, flat water copper adjusted to discount 30 ~ 20 yuan / ton quotation, wet copper self-discount 120 yuan / ton all the way to the discount of about 150 yuan / ton
.
Within the day, there will be some quotations for next month's notes, and the next month's ticket market quotes copper discount 10 yuan / ton ~ flat water, flat water copper discount 50 ~ 40 yuan / ton nearby, but the transaction still relies on the current month's ticket as the mainstream
.
Spot market buying is still weak, downstream bearish copper prices, still remain on the sidelines, no active buying, the overall transaction in the morning has not improved, the discount may be amplified
.
In the afternoon, the market rebounded, and the willingness to receive goods downstream was weaker, and only speculators received goods at a low price to buy cash and sell the period, which made the spot quotation fall even more
.

During the day, the main center of gravity of Shanghai copper fell below the 5-day and 10-day moving averages, and then moved closer to the middle rail of the Bollinger track, MACD green energy column reappeared, paying attention to the performance of long and short positions, waiting for external guidance, copper prices fell below the 50,000 yuan mark many times, but the bottom was strongly supported, the high to 50,500 yuan / ton line was repeatedly blocked to fall, short-term test whether Shanghai copper can charge to break through the 50,500 yuan / ton line
.