Shanghai copper rebounded sharply within the day The market traded quietly at the end of the year

In terms of external trading, recently, China's November industrial profit growth rate exceeded expectations and rebounded sharply, the US housing market, consumer confidence, manufacturing data continued to perform well, boosted by the favorable data, London copper opened higher today at 5560.
5 US dollars / ton
。 At the beginning of the Asian market, some bulls continued to increase their positions, copper prices rushed to 5596 US dollars / ton after profit taking, the high fell back at 5565 US dollars / ton level consolidation, the end of the Asian market tried to retest the daily average but the pressure was obvious; Entering the European session, London copper continued to pullback, as of 17:00, London copper was at $5510 / ton, crude oil was at $54.
11 / barrel, and the dollar index was at 103.
15
.

In terms of industries, the 2017 Tariff Adjustment Plan has been deliberated and approved by the sixth plenary meeting of the Tariff Commission of the State Council, and submitted to the State Council for approval, and will be implemented
from January 1, 2017.
From the announced provisional tax rate table of import and export commodities, the provisional tax rate of copper commodities in 2017 has not changed
compared with 2016.
Sergei Chemezov, chief executive of Russian state-owned giant Rostec, said it had decided to sell the copper concentrate to mining giant Norilsk Nickel
for 67.
5 billion rubles ($1.
1 billion).
The message is neutral
.

In terms of the market, Shanghai electrolytic copper spot contract reported a discount of 300 yuan / ton - 180 yuan / ton, flat water copper trading price of 45100 yuan / ton - 45460 yuan / ton, premium copper trading price of 45160 yuan / ton 45540 yuan / ton
.
Shanghai copper rebounded sharply, the market trading at the end of the year was quiet, the supply of goods was scattered, the source of wet copper was lacking, there was no price difference with flat water copper, and the number of people entering the market was also rare, and the downstream was mainly a small amount of rigid demand, and there was more demand for the source of goods in the month, and the atmosphere at the end of the year was rich
.
In the afternoon, the center of gravity of Shanghai copper moved down slightly, and the transaction was scarce again, with sporadic quotations at Pingshui copper discount 280 yuan / ton - discount 250 yuan / ton, good copper discount slightly closed to 220-180 yuan / ton, and the afternoon transaction price slightly reduced to 45020 yuan / ton - 45400 yuan / ton
.
Inquiries are reduced and deals are more difficult
.

On the whole, the metal plate is collectively rebounded, copper short-term 44000 support is strong, but copper has not changed much in recent fundamentals, it is difficult to support a new high, and spot traders continue to discount in anticipation of increasing years
ago.
In terms of spot, Shanghai copper rebounded sharply, the market trading at the end of the year was quiet, the supply of goods was scattered, the source of wet copper was lacking, there was no price difference with flat water copper, and the market was also rare, and the downstream was mainly a small amount of demand, and there was more demand for the source of goods in the month, and the atmosphere at the end of the year was rich
.