On Wednesday, the Shanghai copper main 1708 contract opened at 45110 yuan/ton, after the openingcopper priceAround the first-line consolidation of 45100 yuan/ton, the copper price began to drop in the afternoon, hitting a minimum of 44850 yuan/ton and collecting cross stars at 44880 yuan/ton. During the day, Shanghai copper continued the trend of the end of the market, is expected to be short-term upward repair.

Luntong opened at US $5616/ton. Luntong took the lead in rushing to US $5644/ton after the opening, and then slowly fell back under the pressure of the middle rail. In the afternoon, the price of copper plunged sharply, reaching as low as US $5588/ton and then repaired upward. As of 17:00, Luntong reported US $5621/ton. Japan's Lun copper wide range of shocks, the recent risk events are more, copper prices are volatile, or to repair the main upward.

U.S. long-term bond yields fell to a seven-month low on Tuesday as investors jittery ahead of Thursday's U.K. election, a meeting of the European Central Bank and testimony by former U.S. FBI director Comey in the Senate, benefiting safe-haven bonds. In the British general election, opinion polls show that the ruling Conservative Party's lead over the opposition Labor Party has been narrowing, making the Brexit process full of uncertainty. Weak U.S. economic data have weakened expectations of rapid U.S. interest rate hikes this year, but the Federal Reserve (FED/Fed) is expected to raise interest rates at its June policy meeting next week.

Shanghai copper flat finishing, with a large number of speculators in the afternoon to enter the market to receive goods, most of the holders of the goods are relatively firm, further raising the current copper premium for shipment, middlemen due to near delivery into the market price to receive goods, favored good copper, wet copper is still few people interested, downstream on demand, procurement is more cautious, middlemen for the main market transactions. In the afternoon, the disk dived, and the downstream fell into a wait-and-see state. Flat water copper reported 10 yuan/ton-premium 10 yuan/ton, premium copper reported premium 10 yuan/ton -30 yuan/ton, and the transaction price was 44880 yuan/ton -45090 yuan/ton.

During the day, the main 1708 contracts of Shanghai copper fell back in shock, and the market closed lower. The short-term main support was 44000. The bearish thinking did not change. However, the short list suggested to gradually stop the surplus. If the 44000 support is effective, try to do more.