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Overnight London copper opened at 6764 US dollars / ton, the beginning of the day all the way up, to the high of 6828 US dollars / ton after the lack of upward momentum, at 6818 US dollars / ton briefly sorted out
.
After entering European time, the center of gravity shifted downward, oscillating along the daily moving average, touching a high of $6827.
58, testing a low of $6775.
5 / ton, and continuing the volatility at the end of the day, closing at 6810, up $35.
5 / ton
.
On April 3, local time in the United States, the website of the Office of the United States Trade Representative released a list
of imported products from China recommended to impose tariffs according to the so-called "301 investigation".
The list covers about 1,300 separate tariff items in industries
such as aerospace, information and communication technology, robotics and machinery.
China responded that it will take reciprocal measures of the same intensity and scale!
Yesterday's external market reopened, due to the easing of trade war sentiment, London copper night continued to rally and rebounded, breaking through a one-week high of $6800, coupled with the recent gradual improvement in demand, China's economic data support is obviously strong, in the long run, the shortage of scrap copper supply has a good support for copper prices, and it is expected that today's London copper or continue to rise
in shock.
At present, copper prices are generally bullish, but the upward pressure is still relatively heavy, so the recent copper prices are still mainly volatile
.
