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Overnight, London copper opened at 6985 US dollars / ton, showing a volatile downward trend at the beginning of the session, and began to recover
after testing down 6948.
5 US dollars / ton.
After touching the high of 7028 US dollars / ton, the upward momentum was insufficient, and it fell again, testing down 6965 US dollars / ton
.
Running along the 6985 US dollars / ton, it fell slightly at the end of the day, closing at 6977.
5 US dollars / ton, down 5 US dollars / ton
.
Trading volume decreased by 3,474 lots to 16,774 lots, and positions increased by 239 lots to 308,000 lots
.
Overnight, the main 1806 contract of Shanghai copper opened at 51830 US dollars / ton, and the overall operation was in the range of 51700 yuan / ton - 51830 yuan / ton, touching a high of 51890 yuan / ton
.
The late volatility continued, closing at 51750 yuan / ton, down 10 yuan / ton
.
Overnight, the US dollar index rose again at 91, affected by this, copper prices rose and fell again, but the Sino-US trade conflict gradually eased to limit the market decline, the recent intensive visits by major European leaders to the United States, pay attention to changes in the international situation, macro uncertainty makes copper prices still repeated
.
The price of the LME copper March contract rose rapidly from a low to an evening high of $7,028 after the Asian close, and later fell under pressure to the green close, closing at $6,977.
5, down $5, or 0.
07%.
The US dollar index stood firm at the 90-point mark, slightly under pressure on copper prices, London copper closed slightly lower overnight, basically the same as yesterday's price, in the long run, the shortage of scrap copper supply provides some support for copper prices, downstream expected consumption gradually recovers, copper prices return to fundamentals, is expected to continue to narrow adjustment in the near future, it is expected that London copper will maintain volatility
today.
