Copper prices fluctuated sideways, and the late session rose in volatility

In the external market, the Apanlon copper gap opened higher at $5374 / ton, and rose slightly to the highest point of the day at $5377.
5 / ton
after the open.
The bullish force entered the high to suppress copper prices, and London copper quickly fell nearly $50/mt to $5327/mt
.
After a short long entry, copper prices rebounded and shocked to the upside
.
Entering the European session, copper prices short-term rushed to a high of 5370 US dollars / ton, and fell sharply again, and London copper continued to decline after falling to the daily moving average, touching the lowest point of the day of 5322 US dollars / ton, giving up all the gains of the day
.
Since then, copper prices have experienced a slight correction, as of 17:00, London copper closed at 5336.
5 US dollars / ton, down 9 US dollars / ton, or 0.
17%.

In terms of the market, Shanghai copper opened high in early trading to 44,000 yuan / ton
.
After the change of month, the market gradually entered the long order delivery stage, and in the past two months, the domestic copper inventory has declined significantly, the Shanghai inventory output has continued to be high, the morning holders raised the price of the water sentiment further fermented, the quotation was as high as 180 ~ 200 yuan / ton, the morning market bought strongly, the transaction was enthusiastic, the holder rose again, the flat water copper quotation premium 190 ~ 200 yuan / ton, good copper quotation as high as 210 yuan / ton, but the transaction activity has not been further improved, the market temporarily stopped, so that the quotation maintained the premium 190 ~ 210 yuan / Ton horizontal
.
The downstream maintains rigid demand, and wet copper is mostly traded
at 160 yuan / ton of premium.
Futures and cash rose together, the low premium supply in the morning market attracted an influx of trade buyers, and the intention of holders to push up the water again was not exhausted, but traders followed up and stopped, and the pace of pushing the water will slow down
.
In the afternoon, the Shanghai copper sideways narrowly sorted out around 43750 yuan / ton, the spot afternoon opening can continue to stand up around 200 yuan / ton, but there are few responders, the willingness of holders to exchange cash at the high gradually increased, began to actively relax the quotation, and then flat water copper quotation premium 180-190 yuan / ton, good copper premium 200 yuan / ton, the transaction price fell back and stalemated at 43930-44000 yuan / ton
.

Shanghai copper opened higher during the day, mainly due to the positive signs of experimental new crown vaccines, coupled with the signal of continued easing from various countries, strengthening investors' expectations for the accelerated pace of economic restart, and market risk appetite picked up significantly, pushing copper prices higher
.
In addition, the domestic "two sessions" are about to be held, and the market's expectations for more favorable policies are heating up, which also supports copper prices to remain high
.
At present, Shanghai copper closes in the sun, standing on all moving averages, KDJ three-line adhesion, technically copper prices still have room
to rise.
Waiting for external guidance, testing whether Shanghai copper can continue to rise, the short-term target is straight to the 44,000 yuan mark
.