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Copper market afternoon commentary: the dollar index rebounded, overnight London copper weak finishing closed down $41; At the turn of the traditional off-peak season, the supply of copper scrap has increased, but the growth of new energy consumption is expected to still support copper prices, which are expected to remain stable
today.
Central Bank: Prudent monetary policy should be flexible, precise, reasonable and appropriate, promote further reduction of real lending interest rates, and study the establishment of carbon emission reduction support tools
.
EU countries finally passed the European Climate Act, paving the way
for EU countries to achieve carbon neutrality by 2050.
U.
S.
inflation remains the focus of the market, with officials expressing concern overnight about inflation, the dollar rising, and non-ferrous metal highs falling
.
Overnight, copper opened lower and fell slightly, opening slightly higher at $
9395 today.
Shanghai copper opened slightly higher in the night session, and the shock closed in a small negative, closing below the 5-day moving average at 68500
.
Shanghai copper trading declined, positions were stable, and market sentiment was biased towards
neutrality.
The short-term copper price trend is mainly affected by inflation expectations, and the short-term volatility
.
Technically, there is strong support for the medium-term trend line below 65000-66000
.
Shanghai copper upper pressure 70000, lower support 65000
.
Today's international copper premium rose slightly to 441 points, and the external market sentiment was better
.
