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Last night's European session, London copper continued to fall, until into the US market, after falling below 5930 US dollars / ton, the decline seems to have converged, slightly recovered to 5945 US dollars / ton, affected by the strong entry of bears, copper prices once again showed a downward trend, the shock down to the low of 5913.
5 US dollars / ton, the end of the session to maintain a low volatility, closed at 5931.
5 US dollars / ton, down 1.
24% during the day, the volume of 18870 lots, the position increased by 416 hands to 293,000 lots
.
Yesterday was still guided by trade tensions, copper prices both fell below the integer mark, market confidence was weak, and bears entered the market positively
.
Today's economic data will release the German manufacturing PMI, which is expected to improve, but still below the boom and bust line, the market is pessimistic about the performance of the European market, which is conducive to enhancing the safe-haven value of the US dollar, and the expected performance of copper prices is under pressure
.
Rising Sino-US trade tensions weighed on industrial metals, investors worried that the trade war will hurt economic growth and lead to weaker demand, overnight London copper fell under pressure to a four-month low, the latest closing quotation of 5932 US dollars / ton, down 74 US dollars, or 1.
24%, the volume of 18840 lots increased by 4489 lots, and the position of 292918 lots increased by 416 lots
.
