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Copper market afternoon comment: The United States increased the amount of bailouts suffered a setback, overnight London copper shock closed down $10, the off-season is coming to accumulate expectations have risen, scrap copper imports increased to weaken refined copper consumption, today's copper is now down
.
In terms of news, the first case of variant virus infection was detected in the United States, and experts said that an outbreak
of the virus may be ushered in in January.
The new $200 billion personal relief program in the United States is difficult
to advance.
EU member states adopt the withdrawal agreement
.
The threat of the virus was high, the euro rose sharply overnight, the dollar fell sharply below 90 again, and most non-ferrous metals fell
.
Overnight, copper opened higher and lower, closing at $7,821, and U.
S.
copper opened
slightly lower today.
Shanghai copper opened slightly higher in the night session, rushed back to close the doji to close above the 20-day moving average at 58300
.
Shanghai copper trading positions are declining, and the market is biased towards the wait and see
near the holiday.
It is likely to continue to oscillate around 58000 in the short term, and is still expected to continue to rise in the medium term, with upper pressure at 59640 and lower support at 57000
.
Today, the premium of international copper compared with Shanghai copper has significantly expanded to 405 yuan
.
