April 1 Copper Market Afternoon Review

The core PCE price index in the United States recorded an annual rate of 5.
4% in February, a new high
since 1983.
U.
S.
jobless claims for the week ended March 26 were 202,000, compared with expectations of 196,000 and 187,000
in the previous month.
France's March CPI rose 4.
5% year-on-year and 1.
4% month-on-month, a record high
.
Putin officially signed the document on the ruble as the
currency for gas settlement.
The United States launched the largest release of oil reserves in history, and crude oil plummeted
.
The US price index exceeded expectations, expectations of interest rate hikes by the Federal Reserve continued to rise, and the dollar soared
.
Crude oil plunged overnight, and most non-ferrous metals weakened
.

Copper fluctuated sharply overnight to close in the negative, opening slightly lower at $
10,355 today.
After the Shanghai copper daily plunge, the night session opened higher and closed Xiaoyang, closing at 73680
.
Shanghai copper trading declined, positions rose, and market sentiment was slightly optimistic
.
Domestic spot demand has improved slightly, macro fundamentals are biased towards neutrality, short-term shocks, and the trend of the medium-term peak season is optimistic
.
Shanghai copper upper pressure 75000, lower support 71000
.
International copper rose to 1229 points compared with Shanghai copper, and the trend of the external market was still stronger than the internal market
.