Copper market trading is generally Sentiment and trading are relatively calm

Shanghai copper volatility rose on Friday, and the rally accelerated further after midday, closing the Shanghai copper main 2203 contract at 71890, up 530, or 0.
74%.

On the macro front, at the beginning of the week, the market expected the Fed to take more than 50% of aggressive measures, but since the release of the January meeting minutes, expectations have fallen to about 30%, the Fed raised interest rates by 50 points in March or in vain, the dollar weakened, if the Fed did not exceed expectations of "hawkish" copper prices to maintain range-bound
volatility.
But overall, the trend of high inflation and interest rate hikes will remain unchanged, and the overall pressure on financial markets will remain
.
In addition, Europe and the United States have said this week that they will gradually lift various restrictions related to the epidemic, which may stimulate the acceleration of the pace of recovery, and the overall macroeconomic expectation remains unchanged, offsetting some of the pressure of interest rate hikes, and the financial market as a whole maintains a high volatility pattern
.

The average price of electrolytic copper in Foshan in Nanchu: 71440 yuan, up 20, the monthly discount quotation: -100 to 50, flat
.
The plate is volatile forward, merchant inventory is lower than wait-and-see, more quotes for the South Reserve in the morning, flat water copper to the current month reported a discount of 100 yuan / ton, good copper premium 40-50 yuan / ton, today's trading atmosphere has improved, market quotation and transaction operation is stable, the overall market transaction is smooth, the price continues to close at noon, merchants ship positively, the willingness to adjust prices is not high and the desire is high and the premium is high, the low-priced source of goods is quickly digested, and the overall trading is
better.
The premium copper is 50 yuan / ton for the month, and the flat water copper discount is 100 yuan / ton
.

The average price of electrolytic copper in Shanghai in the South Reserve: 71560 yuan, down 10, the monthly discount quotation: 90 to 100, down 25
.
Copper maintained a high level of volatility, prices remained high downstream procurement weak, market inquiry atmosphere is positive, smelters and merchants are more active in high shipments, morning holders continued yesterday's premium price quoted, flat water copper to the current month reported a premium of 120-130 yuan / ton, good copper price difference of about 10-20 yuan / ton, premium to maintain stable demand side procurement is also good; The second trading session increased the offer, the sentiment and trading were relatively calm, the transaction was general, the quotation narrowed down to about 50 yuan / ton, and the intraday premium is expected to continue the downward
trend.
Copper premium to the current month premium 80-90 yuan, down 40; flat water copper premium 50-80 yuan, down 60; Wet copper sticker 10-liter 40 yuan, down 45
.