The US dollar index retreated from its highs, and the Shanghai copper volatility strengthened

In terms of the market, Shanghai electrolytic copper spot contract reported a premium of 40 yuan / ton - 120 yuan / ton, a flat water copper trading price of 49060 yuan / ton - 49140 yuan / ton, and a premium copper trading price of 49080 yuan / ton - 49160 yuan / ton
.
Shanghai copper returned to a narrow range above 49,000 yuan / ton, and the market fully turned to the next month's 1812 contract quotation
.
The market transaction was slightly hesitant, the holder lowered the quotation, good copper concentrated discount 40 - discount 30 yuan / ton, flat water copper discount 70 - discount 60 yuan / ton, the source of discount expansion is favored by the market, traders take the lead in entering the market to receive goods, mainly for good copper buying positive
.
Due to the sharp fluctuation of the price difference every other month, there is almost no room
for price pressure.
As the price difference narrows to less than 100 yuan in the next month, the market quotation narrows the discount quotation, good copper receives a discount of 20-10 yuan / ton, flat water copper discount of about 40 yuan / ton, the enthusiasm of the transaction after the quotation is raised, the willingness to receive goods downstream, and the digestion of wet copper is more difficult
.

On the news front, the Asian dollar index weakened and is now trading around 96.
845, as the euro and pound rose overnight as the British prime minister's Brexit deal was supported by the cabinet, while the dollar slipped
further from its 16-month high after the US released CPI data in line with expectations.
In terms of industry, Rio Tinto, the world's second-largest miner, is said to be preparing to acquire a minority stake
in Teck Resources' Quebrada Blanca copper mine in northern Chile.
Canada's largest diversified mining company, which received regulatory approval in August for a $4.
8 billion expansion, has been looking for a development partner
that can invest $2 billion in up to 30 to 40 percent of the project.

Shanghai copper volatility strengthened during the day, as the US dollar index showed a high retreat, copper prices were favored by this and strengthened
.
From a technical point of view, although copper prices have rebounded, the pressure on the upper moving average is still there, and the night trading focuses on whether copper prices can effectively break above the moving average system
.
Operationally, it is recommended that the CU1901 contract can consider choosing an opportunity near 49300 yuan / ton, and the stop loss refers to 49000 yuan / ton
.