The market continues to be light and copper maintains a stable and volatile pattern

In terms of external trading, London copper Asia opened at 5789 US dollars / ton, after the opening copper price around the daily moving average to maintain a high stability and shock pattern, the upper blocked 5790 US dollars / ton
.
Until the afternoon, copper prices showed a wave of downward adjustments, in the afternoon with the strong rise of the dollar broke above 99 points, during the European session, London copper tested 5770.
5 US dollars / ton, but soon, due to the easing of sentiment in China and the United States, copper market bears closed their positions at a low level, and then the shock rose back to 5803.
5 US dollars / ton
.

In terms of the market, Shanghai copper is sorted
out along the line of 47200 yuan / ton.
Holders seize the last remaining trading opportunity desperately to exchange cash, in the case of the long order basically came to an end, the market next month ticket and the current month ticket quotation proportion has been equal, the morning market of the monthly ticket quotation premium 60 ~ premium 90 yuan / ton, the next month ticket quotation premium 40-60 yuan / ton, but the demand has been silent
.
Led by the rapid price reduction tide of next month's tickets, the overall quotation of the market showed a dumping decline
.
When the next month's ticket flat water copper drops to 30 yuan / ton, and the next month's ticket is very good copper to about 60 yuan / ton, the price reduction speed stops shortly
.

In the second trading stage, under the strong willingness to clear inventory and avoid risks, next month's ticket flat water copper has been reduced to 10~20 yuan / ton of premium, and there is still room for price reduction, good copper as low as 50 yuan / ton is still lack of attention, wet copper supply from around 20 yuan / ton to discount 20 yuan / ton
.
After eleven o'clock, the next month's ticket flat water copper has shown a discounted quotation, even if the good copper is reported at 20 yuan / ton, the market is still cautious.

The downstream has been sporadic replenishment, traders have no intention of receiving goods for the holiday, the market is completely shrouded by the eager dumping mood of the shipment exchangers, the downward trend of falling water may continue into the afternoon, and there may be a full discount before the holiday
.
In the afternoon, the market continued to be light, the willingness of holders to sell goods remained unchanged, the market was dragged down by the leakage of the next month's ticket, the market quotation basically approached the discount direction quickly, but due to the holiday mode, the market did not see effective buying
.

The daily session showed a high retreat, almost falling back to all the gains in the night session, mainly because the current hawkish attitude of Fed officials to the third interest rate cut, the dollar is currently maintaining stability at the high of the 99 mark, weighing on copper prices higher
.
At the same time, the sharp increase in EIA crude oil and refined oil inventories, oil prices under pressure hovered low, which was also unfavorable
for the copper market.