Copper fluctuated in a narrow range and continued to maintain a stable high level on the day

In terms of external trading, Nichiapan Lun copper opened low at 5935 US dollars / ton, after the opening of the Asian market copper price basically maintained a volatile market, the overall focus around 5920 US dollars / ton for narrow finishing, Asian low 5915 US dollars / ton
.
Then entered the European market, as trade sentiment improved, and European economic data exceeded expectations, positive sentiment once again pushed copper prices upward, copper prices in the European market performance all the way up, a high of 5967 US dollars / ton
.
As of 17:30, London copper closed at $5966/ton, up 0.
35%.

Near the end of the month, the market transaction is based on different differences, the next month of the month ticket demand is saved, the morning quotation premium 90 ~ premium 120 yuan / ton, the market inquiry atmosphere is acceptable, but the buying interest is insufficient, the supply and demand sides are slightly sawing
。 As some traders took the initiative to reduce the shipment of flat water copper premium, leading the spot quotation to be slightly lowered, flat water copper concentrated in the premium 70 ~ liter 80 yuan / ton, drag good copper is also inclined to the premium 90 ~ liter 100 yuan / ton, most of the holders still try to stick to the flat water copper premium of about 80 yuan / ton, good copper tries to stabilize around 100 yuan / ton, but stop and watch, transaction activity is also low, wet copper compared with the previous day's quotation slightly lowered at 20 ~ 40 yuan
。

Copper futures rebounded upward, while the month-end replenishment behavior is decreasing, this month's market notes did not see tension, most of the holders of shipments of the month and the next month can be, with the current spot level, traders are mostly difficult to have space, trade speculation willingness is suppressed, approaching December, spot copper inventories are still declining, the year-end accumulation pattern has not been seen, spot premiums are difficult to have room to decline, copper futures is strong, the pattern of transaction stalemate is also difficult to break
.

Shanghai copper continued to remain high during the day, mainly due to the continued spread of trade optimism, coupled with the market's increased confidence in the US economy, boosting the market's expectations for the global macro economy, the market's preference for risk assets increased, and the Shanghai copper continued to maintain a stable high level on the day
.