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Last night, trading in Shanghai copper continued to be suspended
.
European and American stock markets plummeted, U.
S.
stocks triggered circuit breakers, oil price war in full swing, oil prices plummeted nearly 25%, overnight London copper fell to a three-year low, the latest closing quotation of 5524 US dollars / ton, down 107 US dollars, down 1.
89%.
Affected by Saudi Arabia and Russia's vow to increase production to compete for more market bearishness, yesterday London copper in the afternoon low of 5433 US dollars / ton, touched a historical low of more than 3 years, although the evening copper price has a shock recovery, but the market risk aversion is still strong, the evening S&P 500 index triggered the second circuit breaker in the history of U.
S.
stocks, ushered in "Black Monday", the Dow closed down more than 2,000 points, spot gold once rose to the $1700 mark, risk assets faced investor selling pressure, copper prices continued to low in the evening
。
In terms of spot, yesterday's market has seen low prices and positive shipments, and the overall transaction has improved
with the weakness of market prices.
Today's low copper price is expected to still attract the market to actively buy, transaction activity will increase, and holders' quotations are expected to rise
.
It is expected that today's Shanghai copper will be 43600-44000 yuan / ton
.
It is expected that today's spot discount of 30-liter water 10 yuan / ton
.
