Black performed well, and copper prices bottomed out and rebounded slightly

In terms of external trading, LME March copper opened sharply lower at $5645 in the morning, the price rose straight after a narrow range, and continued to fluctuate higher after a short adjustment, once rushing higher at $5708 in the afternoon, diving before the Asian market closed, the Asian market closed at $5686.
5, up $19.
5, or 0.
34%.

In terms of the market, the market trading in the mainstream trading session in the morning is general, the holders are still actively offering, the copper to the 07 contract comprehensive discount, due to the delivery date, the downstream of the day is mainly wait-and-see, waiting for the operation after the month, the overall transaction is weak, and the trading is dominated
by good copper resources.
Among them, good copper C100-C90 yuan / ton, flat water copper C140-C130 yuan / ton, wet copper C170-C160 yuan / ton
.
According to the survey results of the Shanghai Nonferrous Metals Trading Center, most traders continue to hold a volatile view, and a small number of traders hold a declining view
.

In terms of news, black series continued to perform well, rising sharply, and non-ferrous metals rose slightly
.
The Fed's announcement of a rate hike was accompanied by an economic forecast report showing weaker-than-expected inflation and retail sales data, so non-ferrous metals performance was under pressure
.
From the perspective of the futures plate, Shanghai copper opened low and high during the day, and the price once made up for the gap at 45,400 yuan, while being counter-pressured by the 5-day moving average, with slight support below, short-term or will fluctuate above several medium-term moving averages, continue to pay attention to downstream procurement
.