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On Wednesday, the main contract of Shanghai copper 2004 opened at 46290 yuan / ton in the morning, and immediately rushed up after the opening, the center of gravity fluctuated around 46350 yuan / ton until the end of the afternoon session, and opened in the afternoon, the copper market continued to rise, and touched 46540 yuan / ton, a new intraday high, briefly touched high and quickly fell back until the end of the session closed at 46400 yuan / ton, up 90 yuan / ton, or 0.
19%.
During the day, the performance of Shanghai copper soared and fell, but the overall center of gravity continued to rise, mainly because the market's worries about the current domestic epidemic gradually weakened, because the current epidemic control progress is generally good, Hubei except Wuhan area of the new cured and discharged cases have been more than the new confirmed cases for four consecutive days, indicating that the control effect of the epidemic in Hubei is also gradually emerging, and at present, most of the countries except Hubei, Wenzhou and other hard-hit areas, most of them have gradually completed the resumption of work, according to the National Health Commission, some large economic provinces and cities above the scale of industrial enterprises resumption rate of more than 50%, This indicates that production has gradually recovered and confidence in the capital markets has been boosted.
Shanghai copper continued to fluctuate upward
during the day.
At present, Shanghai copper closed small Yang, MACD turned red from green column, technical upside still has some space, continue to pay attention to domestic social finance data and Federal Reserve meeting minutes, test whether Shanghai copper can stand at a high level
of 46500 yuan / ton.
