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Copper market afternoon comment: the United States to reach an economic stimulus agreement rekindled, overnight London copper shock closed up $27, China's industrial production showed an overall improvement, infrastructure investment growth accelerated, copper today rising
.
Overnight, copper opened low and closed slightly higher at $7,807, and U.
S.
copper opened
slightly lower today.
The Shanghai copper opened slightly higher in the night session, and the high fluctuated sharply to close the doji, closing flat at 57700
.
Shanghai copper trading positions have declined, the market long atmosphere has cooled down significantly, entering a wait-and-see situation, 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, international copper shrank from Shanghai copper to 393 points
.
U.
S.
industrial output rose 0.
4 percent m/m in November versus an estimate of 0.
3 percent
.
The New York Fed's manufacturing index fell to a four-month low in December
.
France: The economy is expected to shrink by 9%
in 2020.
The recent shortage of containers has caused freight rates to soar.
Overnight, U.
S.
economic data was still heavily affected by the epidemic, and the market expected stimulus to be launched soon, the dollar plunged to a new low, the renminbi soared, and the non-ferrous metal fluctuated at a high level and only copper closed higher
.
