March 16 London Morning Review

Copper fell as low as $
5,652 since Jan.
10.
Fu Xiao, head of commodity strategy at BOC International, said a weaker dollar appeared to be supporting today's metals market, while supply disruptions in the copper market continued
.
The dollar index fell slightly and the Fed is expected to raise interest rates
later today.

Chinese Premier Li Keqiang said Wednesday that there was no risk
of a hard landing in China.
Li Keqiang said that there are many factors of economic and political uncertainty in the world economy this year, which is a great external risk
.
For China, non-development is the biggest risk
.
By maintaining stable growth at a medium or high speed, we are contributing to
world stability.
China is the world's second-largest economy and the world's
largest consumer of metals.

BHP's Escondida copper mine in Chile plans to reopen after striking workers again turned down an invitation
to resume negotiations.
Union leaders at Freeport's McMulan Corp.
's Cerro Verde copper mine in Peru said the strike could end
next week if the Peruvian Ministry of Labor declares the ongoing strike illegal.
Previous negotiations between labor and management over the needs of workers have failed to reach an agreement
.

Overnight London copper continued to rise, four consecutive days of closing the sun, the dollar interest rate hike finally landed, after the profit exhausted Lun copper short positions hurriedly closed the position to avoid safety, London copper is currently under significant upward pressure, it is expected that today's operating range of 5850 ~ 5910 US dollars / ton
.
Watch for US housing starts in February, construction permit performance, jobless claims last week, Philadelphia Fed Manufacturing Index for March, and Eurozone CPI for February
.