Long and short factors intertwined Copper prices are still dominated by volatility in the near future

Overnight, the impact of the U.
S.
index pulling up the rebound slipped sharply, closing at $9565, down 1.
13%.

Powell reiterated his importance to inflation and will implement actions to stop it, the V-shaped reversal of U.
S.
stocks drove the global market, London copper was affected by this to interrupt the rebound and fall, the recent is still dominated by shock, pay attention to the rebound near the 69,000 support of Shanghai copper
.

On the macro front, the market expects the US CPI to rise further to 7.
1% year-on-year in December, the highest in 40 years, and traders are betting on a 90%
chance of a rate hike in March.
Goldman Sachs predicted that the Fed would raise interest rates by a total of 100 basis points in March, June, September and December, and the start of balance sheet reduction was brought forward from the fourth quarter of this year to July, JPMorgan CEO Dimon also said that four rate hikes this year, hawkish monetary policy is not good
for risk assets.

From a fundamental point of view, the plate moved slightly upward, coupled with the high premium quotations in the morning market last week and morning, the downstream fear of heights has stopped and watched, and some sources of goods have flowed in, so that the price sentiment of holders is not as good as last week, and the Shanghai copper rises to the bottom line; After returning over the weekend, Guangdong electrolytic copper stocks increased slightly for two consecutive days, with the increase in import arrivals being the main reason
.
Affected by the increase in inventory and the rise in copper prices, the number of traders shipping increased compared with last Friday, and prices also showed a sharp correction, and South China copper rose to the bottom
.

In terms of stocks, on January 10, the LME destocked 0.
07 tons to 84,000 tons, SHFE destocked 0.
07 million tons to 06,200 tons, and on January 10, domestic social stocks (including bonded zones) rose 02,700 tons from last week to 289,900 tons
.
Overall, long and short influencing factors are intertwined, and copper prices remain volatile
.