Copper runs low and the decline narrows slightly

In the Asian market, the US dollar index weakened, London copper was shocked to bottom out, Beijing time at 16:03 London copper latest quotation of 5995 US dollars / ton, up 5 US dollars, or 0.
08%.

In the market, domestic spot copper prices fell, Guangdong spot 1# copper price was 48300 yuan / ton, down 330 yuan; Yangtze River spot 1# copper price reported 48320 yuan / ton, down 350 yuan, premium 170 - 190 liter; Shanghai spot 1# copper price was 48280 yuan / ton, down 350 yuan / ton
.
The spot market ushered in a new month, the overall supply is relatively abundant, but the downstream willingness to receive goods remains flat, there are more wet sources in the market, and the quotation has dropped from about 70 in the morning to about 20 near noon, and traders have no willingness to receive goods, and the premium is expected to be lowered
.

In terms of news, Citi said in a report that Trump may impose tariffs on another $200 billion of Chinese imports as early as this Friday, and the escalation of the trade war is bound to weigh down metals in the near future, and trade war fears will peak in the next month
.
At present, the macro situation is undecided, the market remains cautious, and short-term copper prices may remain volatile
.

Judging from the trading situation in the morning, the macro events over the weekend still have a slight impact on the morning, and the caution of the macro atmosphere brought by Argentina and Turkey is difficult to shake away in the trading psychology, while the fundamentals have remained more stable or even better
.
The Shanghai copper 1810 contract fell slightly during the day, closing at 48170 at the end, supported by 47500 below, and the rebound pressure was again at 50,000 yuan
.
Short-term volatility, no unilateral trend, breaking through 50,000 yuan to go long
.