Copper rushed back down next week to continue to see the rebound

In the external market, the Asian market, London copper fluctuated down, Beijing time at 15:00, the latest quotation of 6204 US dollars / ton, down 63 US dollars, down 1.
01%.

In terms of the market, the price of domestic spot copper rose, and the price of Yangtze River spot 1# copper was 49840 yuan / ton, up 190 yuan, and the premium was 110 - 150; Shanghai spot 1# copper price was 49815 yuan / ton, up 245 yuan / ton
.
In the spot market, the market transaction is more active than in previous days, the price is also relatively firm, the supply of good copper is abundant, but traders are holding the price
near noon.
There are fewer wet sources, the price is always difficult to detect, and it has always remained around 60 in the current month
.

In terms of news, it is reported that China is currently the world's largest copper consumer
.
Over the years, the China Copper Raw Materials Joint Negotiation Group (CSPT), represented by Jiangxi Copper Industry Co.
, Ltd.
, has negotiated and determined the long-term agreed price of copper processing fees for the next year with representatives of international copper mining enterprises, which directly determines the global copper processing fee price for the next year
.

Intraday, Shanghai copper 1901 contract slightly fluctuated, the end of the market closed at 49400, London copper 6000 US dollars supported by the continuation of the rebound, short-term continue to be bullish, inventory continues to decrease, for spot, it is recommended to fall sharply to buy spot or the wisest, no position can take more orders, there are many orders continue to hold
.
The intraday pullback continues to be long, and next week continues to look at the rebound
.