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Copper market afternoon commentary: U.
S.
stocks hit a record high to boost the market, the next week London copper shock closed up $8, copper demand in the next few years or will continue to rise, short-term mine supply is still in a tight state, copper is rising
today.
In the United States, the University of Michigan consumer confidence index was 83 in March, the highest level since March 2020, and 78.
5
expected.
Eurozone industrial output rose 0.
1% year-on-year in January; The forecast is -1.
9%.
U.
S.
bailout funds officially began to be distributed
.
Supported by vaccinations and new infrastructure plans in the United States, economic data in Europe and the United States exceeded expectations, market confidence was strong, the dollar rose on Friday, and non-ferrous metals mostly rose
.
On Friday, London copper bottomed out and rebounded at the 20-day moving average, rising to close at $9132.
5, and U.
S.
copper opened
slightly higher today.
After a small decline in the daily trading of Shanghai copper, the night session opened high and rose to close Xiaoyang, closing at 67430.
Shanghai copper trading stable position rise, market confidence restored, Shanghai copper stabilized and rebounded at 65000, and is expected to continue to rise in the medium term
.
Shanghai copper upper pressure 70000, lower support 65000
.
Today's international copper fell to 302 points compared with Shanghai copper, and the external market sentiment was better
.
