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Last night in the European market, London copper in the high of 6500 US dollars / ton, affected by the US dollar rebound, copper prices fell rapidly, until the US market, tested down 6449 US dollars / ton, the evening bears continued to reduce positions, the price of the plate rose again, again rushed up 6500 US dollars / ton, until the end of the session to a high of 6516 US dollars / ton, closed at 6495.
5 US dollars / ton, the volume of 15953 lots, the position decreased by 3171 hands to 284,000 hands
.
The US small non-farm ADP new employment and ISM non-manufacturing index in March both hit a one-and-a-half-year low, highlighting the weakening of economic momentum, disappointing data hit the weakening of the dollar, overnight London copper performed strongly, the latest closing quotation of 6496 US dollars / ton, up 63 US dollars, or 0.
98%, the volume of 15937 lots increased 2684 lots, and the position 283715 lots decreased by 3171 lots
.
China's Caixin service sector and composite PMI both hit new highs in March, with economic activity recording the highest growth rate in nine months, and manufacturing industry returning to growth.
Peru produced 176,070 mt of copper in February, down 12.
5% month-on-month and 1.
4% year-on-year, as well as persistent disruptions to copper mine production due to indigenous communities
' refusal to negotiate.
In addition, the above has supported the price, and spot copper prices are expected to rise
today.
