Pessimism spreads to commodities Copper prices consolidated in a narrow low range

In terms of the external disk, Lun copper maintained stability
at a low level.
Affected by the bearish sentiment of U.
S.
dividends, during the Asian session, London copper opened at 6164 US dollars / ton, the opening bottomed out at 6162 US dollars / ton, after the opening copper price shock pulled up to stand on the daily average, until noon, copper price amplitude did not exceed 25 US dollars / ton, the afternoon US index gradually fell, supporting copper prices shock recovery, after a short stop at 6194.
5 US dollars / ton, broke through 6200 US dollars / ton in one fell swoop, entering the European session, the US dollar index continued to fall, so that London copper was boosted, and then continued to pull up the 6250 US dollar platform, Touch the height of 6262 US dollars / ton
.
As of 17:30, London copper was trading at $6232.
5/ton, up $59/ton
.

In terms of the market, overnight non-ferrous metals were dragged down by crude oil, and Shanghai copper fell by about 500 yuan / ton, falling back under pressure of 49,300 yuan / ton
.
Holders finally in the market plunge, complete the willingness to rise to the top, the morning market quotation premium 80 ~ 150 yuan / ton, supply and demand sides only maintained a brief stalemate, in the downstream active inquiry atmosphere, the holder can be slightly reduced to good copper premium 130 ~ 140 yuan / ton transaction, flat water copper maintained a stable premium of about 70 yuan / ton of transactions, downstream in the beginning of the week to maintain a cautious wait-and-see, intraday buying finally has a significant improvement, wet copper quotation upward trend is obvious, the transaction raised to the discount 150 ~ 120 yuan / Ton range
.
The market transaction activity has increased significantly compared with the first two days of the week, and the trading enthusiasm has improved, showing the rare market characteristics
of downstream consumer buying.
Due to the active replenishment of the downstream in the morning, and the low level of the afternoon rebound, the downstream willingness to buy has decreased significantly, the inquiry atmosphere has become light, although the good copper premium still remains firm, but it is still softer than in the morning, flat water copper is difficult to have room for price reduction in the morning, and there is also a phenomenon of a slight decline in synchronization
.

Due to the collapse of U.
S.
stocks overnight, pessimism was transmitted to commodities, overnight Shanghai copper plummeted from 50,000 yuan / ton to 48,760 yuan / ton, the main force of Shanghai copper closed with a long lower shadow of the negative column, two consecutive consecutive negatives, the center of gravity fell to the Bollinger middle rail 49572 yuan / ton line, KDJ opened downward, waiting for external guidance, pay attention to the long and short position competition, test whether the main entity of Shanghai copper can hold the 10-day moving average of 49300 yuan / ton line
.