Copper prices are greatly affected by the news and maintain a wide range of fluctuations in the short term

On the macro front, last week's news showed that Russia and Ukraine were expected to reach a compromise, and Russia successfully paid interest on some sovereign bonds in US dollars, seemingly avoiding a historic debt default
.
Market risk aversion eased, and domestic meetings were organized on Wednesday to stabilize the financial market, driving market risk appetite to recover, and copper prices rebounded
around 71,000.
The Fed raised interest rates by 25 basis points as scheduled, Powell's comments showed that the pace of rate hikes will be accelerated this year, and in summary, there was no more hawkish view, and the bearish has been cashed
in earlier.
Although countries are tightening monetary policy one after another, the inflation rate will remain high, supporting the high level of commodities in the middle and late stages, especially copper prices, and there is a risk
of falling back in the short term.

In the market, spot copper rose 1140 yuan last week, and good copper rose 380 yuan
on Friday.
The spread of the domestic epidemic has gradually affected transportation
.
It is tracked that the Shanghai and Shenzhen bonded zones are closed in the closed loop, and the inflow of imported copper is restricted, and the promotion period is now rising; The current forward contract is inverted, and there is a near strength and a weakness
.
The market trading atmosphere is general, and the downstream is mainly
stocked on demand.
In terms of import profit and loss, the LME copper premium changed greatly last week, the US dollar index fell, and the import loss expanded, and the gap is now
around 1,000 yuan / ton.

On the whole, the overseas Ukraine-Russia conflict continued, the deteriorating attitude of Europe and the United States towards China hit some Chinese and medium-sized enterprises, and poor market confidence hit the decline of Shanghai copper, and then the financial commission issued favorable policies to re-promote copper prices
.
Due to the impact of the epidemic, the supply and demand of Shanghai copper are weak
in domestic fundamentals.
The Fed's interest rate hike landed, Russia-Ukraine relations further eased, and the bearish factors were weak
.
At present, the copper market is greatly affected by the news, focusing on geopolitics and the possibility of Sino-US games, and the probability of large fluctuations in the copper market is small
.
Shanghai copper remained mainly volatile in a wide range, and there were signs of
peaking and falling.