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Today's Shanghai copper opened high and low, and further slipped after midday to converge intraday gains, closing the Shanghai copper main 2110 contract at 68840, up 670, or 0.
98%.
On the macro front, the dollar is hovering below one-year highs today, running on a volatile side, risk sentiment is improving as markets await the monthly US non-farm payrolls report, which will be released later today, hoping to find clues
to the pace of Fed policy normalization.
The metal futures market was generally higher, with Shanghai copper up 1.
38%
by midday's close.
The US debt ceiling extension bill was passed, superimposed on the good US employment data in the festival, the first day after the November long holiday Shanghai copper high open hit the 70,000 mark, but on the other hand, the effect of the traditional domestic demand season is not good, and the follow-up momentum is weak, the copper price plate momentum has an impact, it is expected that Shanghai copper will still maintain a range shock market, pay attention to the effect around 6.
85-70,000, the operation of traders high selling low sucking, near the upper and lower limits of the range operation
.
