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April 4 Shanghai copper afternoon review

 Last Update: 2022-12-15
 Source: Internet
 Author: User

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Overnight, the main 1905 contract of Shanghai copper opened at 49360 yuan / ton, and after opening a slight bottom of 49250 yuan / ton, affected by the external market, copper prices were quickly pulled up, and the intraday increase increased significantly, until the end of the session to test 49660 yuan / ton, closing at 49600 yuan / ton
.

Shanghai copper

Last night, the US small non-farm ADP new jobs and ISM non-manufacturing index in March both hit a one-and-a-half-year low, risk aversion turned slightly, and the dollar fell, boosting the general rise in commodities
.
Today's attention to the news of the resumption of a new round of negotiations between China and the United States is expected to continue to be positive for the copper market
.
At present, the gap above Shanghai copper has been faced last month, waiting for macro guidance to provide upward momentum
.

Spot As the market remains optimistic about post-holiday premiums, and in the face of the Qingming Festival holiday, downstream needs to make replenishment preparations, so it is expected that the market premiums will remain firm despite the sharp rise in market prices
.
It is expected that today's London copper 6480-6530 US dollars / ton, Shanghai copper 49350-49700 yuan / ton, spot premium 40-liter 180 yuan / ton
.

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