Some long and short positions were closed one after another, and the center of gravity of copper fell again

In terms of external trading, Apanlon copper opened at 6070 US dollars / ton, and the trend after the opening was relatively stable, maintaining a range of 6060-6070 US dollars / ton
.
At the end of the Asian market, copper prices increased volatility, and the short-term surge rose to 6085 US dollars / ton and then fell back to 6066 US dollars / ton.

After entering the European session, as the market remained optimistic about the trade situation, and the latest release of China's CPI annual rate in November was higher than expected, bulls continued to increase their positions, copper prices rose again, testing higher than $6097.
5 / ton, approaching the $6100 mark
.

The strong increase in positions of bulls continued to push up copper prices, and Shanghai copper rose another 1% to continue to rise to 48400 yuan / ton line
.
The morning market quotation is still set at the quotation level of 80-100 yuan / ton of premium yesterday, but the high copper price completely makes the market afraid of the high, and the holders are eager to exchange cash at the high, so they focus on opening the price reduction mode, and the premium appears a cliff-like downward trend, good copper quickly drops to the premium 50-liter 60 yuan / ton after a short stay of 70-liter 80 yuan / ton, flat water copper has been in the premium 40 yuan / ton line
。 The second trading session has been about 30 yuan / ton of premium, near the end of the afternoon market, flat water copper premium as low as 10 ~ 20 yuan / ton, wet copper forced to be significantly reduced, showing a comprehensive discount state, based on the discount of 20 yuan / ton There is still room
for price reduction.

Copper prices increased their positions in two days by more than 100,000 hands showing that the rally has not stopped, downstream fears heights and waits cautiously to participate, there are many market shipments to exchange cash, copper prices have risen nearly 1,000 yuan, and the premium has only dropped by more than 100 yuan, it is still difficult to attract trade speculators, and it is not suitable for operating the buying and selling period, the quotation still has room for pressure, and it is difficult to ensure
the premium at the current rate of reduction.
In the afternoon, the market continued to rise, while spot quotations failed to stop, and flat water copper has shown a slight discount, the market in the state of high market prices to maintain a wait-and-see situation, the willingness to take goods is low
.
In the afternoon, flat water copper reported a discount of 10 yuan / ton - flat water, good copper reported a premium of 10 - a liter of water 20 yuan / ton, and the transaction price was in the range of 48400-48540 yuan / ton
.

From a fundamental point of view, the market is not pessimistic about the consumption expectations at the end of the year, and the bulls are very strong; Paying attention to the recent trend of increasing positions by 100,000 lots will directly affect the subsequent trend
of copper prices.
At present, Shanghai copper closed in the sun, KDJ indicators continue to expand positively, waiting for external guidance to test whether Shanghai copper can continue to stand at a high of
48,700 yuan / ton.