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Copper market afternoon commentary: U.
S.
stocks and oil prices both rose, Shanghai copper closed up 1110 yuan overnight; Although the overseas epidemic continues to ferment, the domestic central bank has strengthened credit stability, which is positive for market risk sentiment, and copper is expected to rise
today.
The 2022 Central Bank Work Conference was held: promoting a virtuous cycle and healthy development
of the real estate industry.
Profits of industrial enterprises above designated size in China rose 9% year-on-year in November, compared with a 24.
6%
increase in the previous month.
The US Christmas holiday consumption exceeded expectations, the impact of "Omicron" was lower than expected, and the market sentiment was optimistic
after the US Christmas holiday.
The dollar tumbled overnight, U.
S.
stocks soared, and most non-ferrous metals rose
.
U.
S.
copper rose 1.
66% overnight to close in the sun, and today U.
S.
copper opened
lower.
Shanghai copper opened higher and rose 1.
59% to close in Zhongyang at 70840
.
Shanghai copper trading positions are rising, and market sentiment is more optimistic
.
Copper prices continue to rebound in the short term, but the market rebound in the off-season is insufficient, and the range-bound market may continue in the medium term
.
Shanghai copper upper pressure 71500, lower support 67000
.
Today's international copper premium compared with Shanghai copper rose sharply to 542 points, and the external trend was stronger than the internal market
.