December 15 copper market noon review

The 2021 copper concentrate TC long order was set at $59.
5/mt, in line with expectations
.
Overnight, copper rushed back down slightly to close down at $7,780, and U.
S.
copper opened
slightly lower today.
Shanghai copper opened low and closed slightly lower in overnight trading, closing below the 5-day moving average at 57500
.
Shanghai copper trading positions have declined, the market long atmosphere has cooled down significantly, and may face adjustment in the short term, but there is still an upward possibility
after adjustment.
Shanghai copper upper pressure 59210, lower support 56000
.
Today's international copper premium expanded to 492 points
compared with Shanghai copper.

Overnight, the US Electoral College officially confirmed Biden's victory, the US Congress is also close to reaching an agreement on the comprehensive spending bill for fiscal year 2021, financial markets are looking forward to a new round of economic stimulus plans led by major economies led by Europe and the United States, superimposed on the expected strengthening of the vaccine in 2021, forming a medium-term positive support for the price of large types of assets, the reality of the traditional consumption off-season with colored fundamentals is diluted by optimistic future economic growth expectations, and more incremental funds poured into the "pro-cyclical" varieties led by copper and aluminum, triggering short stop losses to expand gains.
After the short-term surge of copper and aluminum or shock adjustment to digest the increase, the trend of copper and aluminum is not overestimated, the operation is recommended to be based on band operation, and the middle line maintains more ideas
.