Copper prices have risen and market consumption has decreased significantly

In the external market, overnight due to the decline in U.
S.
Treasury yields, and U.
S.
stocks fell further, and the U.
S.
consumer price index CPI rose weaker than expected, the dollar fell, London copper morning market gap low opened at 6231.
5 US dollars / ton, early London copper along the daily moving average narrow range, during the period touched the intraday low of 6228 US dollars / ton, London copper low rebounded, standing above the daily moving average, along 6255 US dollars / ton narrow range
。 In the afternoon, affected by the overnight dollar index falling sharply below 95, London copper pulled up from around 6250 US dollars / ton to 6314 US dollars / ton, breaking through the 6300 US dollars / ton mark again.

During the European session, copper prices basically gave up all the gains in the afternoon, the dollar retreated, and London copper recovered all the losses in the afternoon
.
As of 17:40, London copper was trading at $6301/ton
.

In terms of the market, overnight Shanghai copper low rebounded, returned to 50500 yuan / ton a narrow range of shock, the beginning of the morning market holders maintained yesterday's quotation flat water copper premium of about 10 yuan / ton, good copper premium 40 ~ 50 yuan / ton, the market wait-and-see, buying is not good, good copper was the first to be pressed to 20 ~ 30 yuan / ton, flat water copper price to near Pingshui, trade speculation atmosphere is still not good
。 In the second section of the trading stage, due to the significant decline in the transaction compared with the previous day, the holder took the initiative to lower the quotation again, the lowest price of good copper can be pressed to 10 yuan / ton, the quotation of flat water copper is discounted 10 yuan / ton can also be traded at a low price, the low price of flat water copper is increased, but the performance of good copper is not as good as flat water copper is favored, the downstream in yesterday's concentrated bargain purchase, intraday purchase volume declined, but maintain just need to buy, the market wet copper quotation from the discount of 50 yuan / ton to a discount of more than
80 yuan / ton.

In terms of news, data released by the General Administration of Customs showed that China imported 521,000 mt of unwrought copper and copper in September, up 24% month-on-month and 21% year-on-year, the highest since March 2016, while imports of copper concentrate and copper ore climbed to a record high of 1.
93 million mt as China's tightening of scrap metal imports surged
its demand for copper.

Shanghai copper rebounded slightly, market supply and demand performance sawed, holders were reluctant to excessively lower the premium in the countdown to the month, traders and downstream are mostly
bargain buying.
Next Monday, when the delivery of the month is about to be completed, holders are likely to quote
the 1811 contract in a rising pattern.
In the afternoon, the plate climbed, rushing to 50,800 yuan / ton line, the afternoon premium fell slightly, good copper is difficult to continue the premium state, traders need to buy lower willingness to discount, few transactions
.