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Brief comment on the copper market: Today's copper price is stable and volatile, as of the afternoon close Shanghai copper main 2203 contract was at 70100, down 130, or 0.
19%.
On the macro front, according to the National Bureau of Statistics, China's GDP in 2021 increased by 8.
1% year-on-year, higher than the expected 8% and lower than the previous value of 9.
8%.
In 2021, the added value of industries above designated size increased by 9.
6% over the previous year, and the average growth rate for two years was 6.
1%.
The total retail sales of consumer goods 440823 billion yuan, an increase of 12.
5% over the previous year, and the average growth rate for the two years was 3.
9%.
Among them, retail sales of consumer goods other than automobiles 397037 billion yuan, an increase of 12.
9%.
Excluding price factors, the total retail sales of consumer goods in 2021 increased by 10.
7%
compared with the previous year.
At present, foreign inflation data is high, and crude oil prices have climbed to the high level of the year, which relatively supports copper prices; Liquidity tightening expectations digestion, the recent negative brought by the US index is limited, copper prices as a whole return to a volatile pattern
.
Overseas re-accumulation, domestic will also enter the seasonal accumulation stage, supply contradictions slowed down, copper price upward pressure increased
.