Base metals were mixed, and Shanghai copper rebounded

In terms of the market, the US index remained strong, Shanghai copper has been overcast for seven consecutive years, overnight copper prices have fallen below 49,000 yuan / ton, at 48,800 yuan / ton in a weak narrow range
.
The price difference in the next month maintained 70-80 yuan / ton, the morning carrier quotation premium 20-70 yuan / ton, the market performance is cautious, the downstream is bearish, the willingness of the holder to cash out is enhanced to actively reduce the price, good copper is lowered to about 50-60 yuan / ton, flat water copper is reduced to 10-20 yuan / ton, the transaction is improved, wet copper is significantly quoted at a discount of 100-70 yuan / ton
。 After 11 o'clock, Shanghai copper rose by nearly 100 yuan, the price difference briefly widened to around 100 yuan in the next month, the quotation of the holder rose, flat water copper maintained a stable premium of 20-30 yuan / ton, good copper price returned to the premium of 70 yuan / ton, but it is close to the end of the day, the market has been difficult to form a positive response
.
The overall trading heat of the intraday market is low, coupled with the annual CESCO meeting, the trade atmosphere is also relatively light, and a small number of traders have traded at a low price
.
Approaching the delivery period, the price difference of the next month is still repeated, the market has not stopped falling, and it is difficult
for the market to rise.

In terms of news, the Asian dollar index fell back from its high, now trading around 97.
327, due to the statements of relevant Federal Reserve officials and the strong US economy made the market strengthen the Fed's interest rate hike expectations, the dollar index rose, but there is a certain correction
at present.
In terms of industry, a senior Zambian government official said Zambia's copper production is expected to increase to 900,000 tons this year, compared with an average annual copper production of 870,000 tons
in recent years.
Zambia's copper production in the first three quarters of 2018 rose 8.
8 percent to 632,267 tonnes from 581,334 tonnes
in the same period last year, Zambia's finance minister Margaret Mwanakatwe said.

Shanghai copper rebounded during the day, due to a certain correction in the US dollar index at a high level, copper prices have rebounded, the trade atmosphere in the spot market is relatively light, and a small number of traders have traded at low prices
.
On the technical side, the futures price is strongly supported when it is down, and it has recently maintained hovering around the 49000 mark, and may be in a state of shock adjustment in the short term
.
Operationally, it is recommended that the CU1901 contract can consider selling high and low between 48700-49500 yuan / ton, and stop loss 300 yuan / ton
.