Base metals fall across the board Copper prices are now panic-falling

In terms of external trading, London copper opened at 6969.
5 US dollars / ton, after the opening of London copper's center of gravity slightly up, around the daily average of 6981 US dollars / ton narrow consolidation, following the United States announced on Friday to impose 25% tariffs on China's 50 billion US dollars of imported goods, US President Trump once again threatened that he will further impose 10% tariffs on Chinese goods, or will involve 400 billion US dollars of goods, trade war tensions escalated again, causing market concerns about global economic growth, panic increased, Bulls have reduced their positions to avoid risk, London copper opened a downward mode, all the way down quickly, the dollar rose in the afternoon, under double pressure to test down 6836.
5 US dollars / ton, after entering the European and American session, London copper fell slowly, as of 18:20, London copper reported 6858 US dollars / ton
.

In terms of the market, Shanghai electrolytic copper spot contract reported a discount of 170 yuan / ton - 110 yuan / ton, flat water copper trading price of 52080 yuan / ton - 52420 yuan / ton, and premium copper trading price of 52110 yuan / ton - 52460 yuan / ton
。 The financial market fell sharply across the board, Shanghai copper fell by more than 2%, copper prices fell to 52,000 yuan / ton, intraday month, the market for 1807 contract quotation discount narrowed, downstream bargain into the market replenishment of the buying interest has improved, consumer buying strength increased, so flat water copper price adjustment is limited, traders pressure good copper, a small amount of good copper can be pressed to discount 140 ~ 130 yuan / ton
.
In the afternoon session, the market continued to leak, and the financial market fell sharply in all directions, most of the market participants stopped and watched, and there were few inquiries, although the spot quotation discount narrowed, but there was no transaction under the plunge
.

In terms of stocks, as of June 15, COMEX copper stocks were 228,430 short tons; LME copper stocks were 294,700 tonnes, up 1,150 tonnes from the previous day; As of June 19, SSE futures inventories were 151732 tons, an increase of 5,067 tons
from the previous day.

On Friday, the United States announced a 25% tariff on $50 billion of imports from China, and China responded
with reciprocal tariffs.
In response to the Trump administration's announcement on Monday morning that it planned to impose 10 percent tariffs on an additional $200 billion of Chinese goods, China's Ministry of Commerce said it would take comprehensive measures to strongly counter
it.
Sino-US trade frictions are intense, and the market is worried that the trade war will drag down economic growth and damage the demand outlook for non-ferrous metals, and the nonferrous market as a whole is under pressure
.
Due to the retreat of the impact of the Escondida copper mine negotiations, the lack of momentum to support the continued upward movement of copper prices, and the prospect of a worsening Sino-US trade war, copper prices are now falling
in panic.
The short-term weakness is expected to continue
.
Pay attention to the support
of the pre-finishing platform 51000-52000 yuan / ton.
FYI
.