Shanghai copper continues to fluctuate market trading remains weak

In terms of external trading, London copper opened at 4625 US dollars / ton, during the Asian session, boosted by the weakening of the US dollar, copper prices rebounded low, short cover pushed copper copper prices to touch 4663 US dollars / ton, and the Asian market fell below the daily average again at the end of the Asian session; Entering the European session, the LME announced that inventory increased by 7700 tons, bears actively entered the market, London copper pulled back to the daily average of 4648 US dollars / ton around consolidation, London weak shock, as of 17:00, London copper reported 4648.
5 US dollars / ton, up 0.
46%.

In terms of the market, Shanghai copper opened low and rebounded, and copper now stabilized yesterday's premium level
.
Good copper is still standing in the premium 40-50 yuan / ton range, flat water copper remains stable at about 20 yuan / ton, the willingness of holders to exchange cash is higher than yesterday, the market supply is loose, downstream after the previous two days of concentrated purchase, intraday market buying volume significantly declined, supply and demand at both ends of the deadlock, especially at the end of the afternoon session, after the copper suddenly rose, the copper market fell into the wait-and-see
.
The market for wet copper is still tight, and there are many people who want to buy prices, but unfortunately there are more monks and less porridge, the transaction is scarce, and the discount is constantly narrowing, and the price
of water copper is tightening.
In the afternoon, copper prices rushed back down, spot market transactions were suppressed, holders reduced quotations, high premiums were difficult to hold, flat water - premium 40 yuan / ton, transaction price was 36400-36480 yuan / ton
.
Overall market trading was weak in August, and trade flows declined
.
The end of the month is approaching, and the influencing factors of the notes have not been further expanded
.