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During the evening European session, affected by the pound, London copper showed a deep "V" trend, the evening center of gravity fell to the daily average of 6470 US dollars / ton around the oscillation, during the period of testing the low 6463 US dollars / ton, at the end of the European session, bulls took advantage of the low entry, copper price center of gravity rose, to the beginning of the US market, the center of gravity has risen to around 6510 US dollars / ton, the price rose to a high of 6519 US dollars / ton, after the short-term touched higher, copper prices pulled back slightly, closing at 6468 US dollars / ton
.
The U.
S.
consumer price index rose for the first time in four months in February, but the increase was not large, inflation remained low, which increased the possibility of the Fed keeping interest rates unchanged, the dollar index fell for the third consecutive day on Tuesday, and copper ran strongly overnight, the latest closing quotation of 6468 US dollars / ton, up 46 US dollars, or 0.
72%, the volume of 16388 lots increased by 6018 lots, and the position 297472 increased by 206 lots
.
Continue to pay attention to the progress of Brexit and the new developments that may be announced after the end of China's two sessions, and Saudi Arabia's proposal to extend OPEC+ production cuts to the end of the year, US crude oil has seen a 3-year streak, which is expected to continue to be positive for copper prices
.
