Market pessimism has weakened, and the copper plate has remained stable as a whole

In terms of external trading, Apanlon copper opened slightly higher at 5647 US dollars / ton, after the opening of some downward retracement, but soon became stable, around the daily moving average to do a narrow finishing, before the afternoon, driven by the market sentiment turned good, copper prices appeared a straight line higher, blocked at $5660, and then fell back to the daily average near the correction
.
Until entering the European market, copper prices quickly tested down at $5630 / ton, bulls actively bargained into the market, copper prices rushed up rapidly, touching 5665 US dollars / ton
.
As of 17:30, London copper was trading at $5655.
5 / ton, up 0.
38%.

In terms of the market, Shanghai electrolytic copper spot contract reported a premium of 60 ~ 100 yuan / ton, a flat water copper trading price of 46360 yuan / ton ~ 46500 yuan / ton, and a premium copper trading price of 46380 yuan / ton ~ 46540 yuan / ton
。 The morning market continued the previous day's quotation, next month's invoice morning market quotation premium 60 ~ premium 80 yuan / ton, the transaction obviously showed stalemate characteristics, good copper holders lowered the quotation shipment, around the premium 70 ~ premium 80 yuan / ton line, flat water copper holders continue to show persistence, around the premium 60 yuan / ton nearby, a small amount of goods can be as low as 50 yuan / ton; Wet copper insists on a premium of around
30 yuan/ton.
The difference between the invoice issued in the current month and the invoice next month is still 10~20 yuan / ton, the good copper of the month is maintained at 90 ~ 100 yuan / ton of premium, and the flat water copper premium is around 70 yuan / ton, but as the end of the month approaches, the demand for the invoice of the month gradually fades
.
Holders showed that their willingness to hold prices remained unchanged, but the recovery of copper futures inhibited the willingness of the market to buy, and the actual transaction was
deadlocked.
In the afternoon, due to the weakening of market buying sentiment and the rise in market prices, the enthusiasm of market trading was not high, so some holders relaxed their quotations
slightly.
In the afternoon, flat water copper reported a premium of 50-60 yuan / ton, a good copper report of 70-a liter of 80 yuan / ton, and the transaction price was in the range of 46380 yuan / ton - 46460 yuan / ton
.

The overall stability of the intraday market was mainly due to the slight easing of trade tensions and the weakening of market pessimism, but it is still necessary to be vigilant that the substantive issue of trade has not been resolved, and it is necessary to be vigilant about its long-term impact
on the macroeconomy.
At present, the global macro economy is still in decline, and it is difficult to boost copper prices overall, coupled with the instability of the trade situation, investors still need to be wary of the short-term impact
of news changes on copper prices.