Copper prices are mainly range-bound and have limited upward momentum

In terms of macro, since the beginning of this year, due to multiple factors such as international transmission, the prices of some commodities have continued to rise, and it is necessary to do a good job in ensuring the supply and price of commodities and reasonably guiding market expectations
.
It is necessary to properly reserve and regulate, and also crack down on hoarding to support enterprises in coping with rising costs and other operational difficulties, and strive to prevent the transmission of consumer prices to residents to avoid affecting people's lives
.

Overseas, although the Fed proposed in its recent minutes that it will discuss plans to taper bond purchases at some point in the future, quantitative easing will not change in the short term, so copper prices may continue to be strong near support levels
.

Chile's BHP Group's Escondida and Spence copper miners started a strike, and Shanghai copper rebounded slightly within the day, but due to the recent domestic commodity stability and other policies, the overall copper price momentum was limited
.
At present, due to the impact of high copper prices on the production of domestic downstream enterprises, the fundamental consumer side has not yet made greater efforts, and the possibility of copper price range fluctuations increases in the process of excessive capital and fundamentals, bringing volatility
.
It is expected that the recent Shanghai copper range volatility is the mainstay, focusing on the situation
around 7.
1-73,000.