April 10 Copper Market Brief Review

Macro news, on April 8, the National Development and Reform Commission issued the "2019 New Urbanization Construction Key Tasks" (hereinafter referred to as the "Tasks"
).
The "Mission" requires that megacities adjust and improve the points settlement policy, significantly increase the scale of settlement, and streamline the points program
.

Daniel Malchuk, senior executive and senior executive at BHP's mining Americas division, said on Friday that copper miners must practice the concept
of "green development".
"Copper producers must collectively raise their game level to improve the ethical and green credentials of the metal, as aging mines require more water and energy to produce the same amount of metal
.
"

With the decline of the US dollar index driving the rise of London copper and Shanghai copper resonance, in terms of policy, the [2019 New Urbanization Construction Key Tasks] issued by the National Development and Reform Commission has also been released, and the next urbanization is the main means and method to expand domestic demand and stabilize investment, which has a certain support and boosting effect on copper consumption in the real estate industry and home appliance industry
.
On the technical side, Shanghai copper was subject to the moving average and range pressure level of 49600 in the early stage, and it broke through on this day, and it is necessary to pay attention to whether the recent pullback can stand above
the pressure level.
It is expected that Shanghai copper will have a slight correction, and the overall volatility is strong
.