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The dollar retreated, and the next week, London copper fluctuated at a high to close up 0.
48%; Due to the power shortage Zambian copper exports declined, short-term long and short factors coexisted, merchants traded cautiously, and spot copper is expected to fall
today.
Trading continued to be suspended in the Shanghai copper night market on Friday
.
Copper prices rose on Friday night as economic data showed that U.
S.
manufacturing and service business activity stalled in February, and the dollar index plunged in the evening, recording its biggest decline in nearly two months, driving copper prices higher
in the short term.
However, the market's current risk aversion is showing signs of recovery, investors are trading defensively, U.
S.
stocks fell on Friday, gold prices have reached above $1660, as the epidemic spreads outside China, the market is worried about the possible impact on the global economy, copper prices are expected to face downward pressure
today.
In terms of spot, it entered the long-term order delivery stage at the beginning of this week, and demand is expected to improve month-on-month, but due to the slower pace of recovery downstream, actual demand remains weak, so spot is expected to recover slightly today
.
It is expected that today's Shanghai copper 45800-46200 yuan / ton, spot discount 190-discount 160 yuan / ton
.
