Long and short trading cautious copper prices recovered slightly

In terms of the market, Shanghai copper still maintained low volatility, around 49100 yuan / ton range
.
The willingness of the market to raise the premium is getting lower and lower, the buying force is weakening, and the concentration of dumpers is high
.
In the morning, the holder continued the quotation of the previous afternoon in the premium 300-350 yuan / ton range, has opened the reduction mode all the way, good copper performance took the lead in the decline, about 10 o'clock has been from the premium of 300 yuan / ton above the rapid drop to about 270 yuan / ton, was squeezed by good copper pressure down, flat water copper with it all the way down, from 130 yuan to 100 yuan / ton
.
In the second trading stage, flat water copper maintained around 100 yuan, because good copper lost the favor of speculators, the quotation fell unstoppably, and it was again adjusted to about 230 yuan / ton, and wet copper basically maintained the previous day's quotation, because the downstream buying performance was just needed
.
After eleven o'clock, the quotation of flat water copper fell back to below 100 yuan, the quotation premium was 80-90 yuan / ton, and the good copper was as low as 220 yuan / ton
.
The market stops and waits, buying is weak, the short-term pressure on the plate is weak, the copper period is now low activity, the high premium of good copper has been lost, and it is currently on the road to return to the normal price difference range of flat water copper and good copper
.

In terms of news, the Asian dollar index fell slightly, now trading around 97.
127, overnight as British Prime Minister Theresa May postponed the parliamentary vote on her Brexit agreement, raising doubts about Britain's Brexit in March next year, safe-haven buying pushed the dollar to rebound, and fell slightly during the Asian market
.

On the industry front, Codelco, the world's largest copper producer, produced 150,600 tonnes in October, following the company's lowest output this year in September
, according to a monthly report from Chilean copper agency Cochilco.
Codelco's production was up 11 percent from the previous month, but down 14 percent
from a year earlier.

During the day, Shanghai copper rebounded slightly, boosted by the weakening of the US dollar index during the Asian market; The spot market mostly stopped and waited, and the buying was weak, mainly due to the recent trend of copper prices, which further increased the market wait-and-see sentiment
.
Operationally, it is recommended that the CU1902 contract can consider selling high and low between 48700-49500 yuan / ton, and the stop loss is 300 yuan / ton
each.