Shanghai copper narrow fluctuation harvest small doji

In terms of spot, today's Shanghai electrolytic copper spot contract reported a premium of 20 yuan / ton - 60 yuan / ton, flat water copper trading price of 50660 yuan / ton - 50770 yuan / ton, and premium copper trading price of 50680 yuan / ton - 50800 yuan / ton
.

In terms of stocks, COMEX copper stocks 192083 short tons as of September 18, an increase of 770 tons from September 15; LME copper stocks were 302925 tonnes, down 1,425 tonnes from 15 September; As of September 19, SSE futures inventories were 60,560 tons, down 3,518 tons
from the previous day.

Industry news, Zhou Sheng, president of the International Copper Association China, said that in the future, China's copper demand will continue to maintain a certain rate of growth
in a reasonable range.
New urbanization construction, power grid investment, new energy power generation, new energy vehicles and other factors will drive a new round of copper demand growth
in traditional fields such as construction, electricity, and transportation.
National policies such as "Made in China in 2025" and "National Air Pollution Prevention and Control Task" are favorable to the use of copper, copper cage mariculture, and other new application fields, which will open up new markets and opportunities
for copper.

At present, yesterday's LME inventory from increase to decline alleviated the continuous decline of copper prices, domestic spot premium to provide support, Shanghai copper main force in the 50,000 platform to stop falling and stabilize, above the 51,000 pressure level, short-term narrow range shock pattern may be larger
.
FYI
.