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Overnight, Lun copper rose sharply to close Zhongyang Station on the 20-day moving average, the latest closing quotation of 6449 US dollars / ton, up 83 US dollars, or 1.
31%.
The low interest rate and ultra-loose monetary policy around the world will not change easily, and the People's Bank of China has extended the MLF excessively, and there is optimism about the economic recovery, and the future market is wary of the US epidemic and the development of
Sino-US relations.
US New York Fed Manufacturing Index for August Previous: 17.
2 Expected: 15 Announced: 3.
7
.
The NAHB Homebuilders Index rose to 78 in August, tying the record
.
New diagnoses in the United States have fallen sharply recently, falling below
30,000 yesterday.
Yesterday, the People's Bank of China invested heavily in the market, and non-ferrous metals rose
across the board.
The domestic accumulation rate has slowed down, and the inventory in the previous period fell slightly last week; LME copper stocks fell to 110,000 tonnes, the lowest level in more than 12 years; Domestic new energy vehicle production and sales may continue to improve, this year's subsidy decline has slowed down, conducive to output, spot copper prices are expected to rise
today.
