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Copper prices fell sharply yesterday, mainly due to panic caused by market concerns about liquidity risks
.
European and American stock markets fell again, U.
S.
stocks once again triggered a circuit breaker intraday, in addition to the introduction of lockdown measures in many countries caused the oil market to collapse, U.
S.
crude oil futures fell to an 18-year low, overnight London copper plunged sharply, the latest closing quotation of 4734 US dollars / ton, down 411 US dollars, down 7.
99%, the volume of 33901 hands increased 6296 lots, the position 307556 increased by 1866 hands
.
There is no evening copper data
.
Chile's national copper company Codelco said it would cut operations, workers at Escondida, the world's largest copper mine, called for a shutdown, Escondida copper miners called for a shutdown, and supply was contracting, but the current panic continued to rise, the selling frenzy continued to rage, the epidemic caused economic downturn concerns intensified, copper market oversupply expectations rose, spot copper prices today or continue to decline
.
Due to the shrinkage of global assets, U.
S.
stocks triggered the circuit breaker again yesterday, the British FTSE 100 index fell 4.
7%, Germany's DAX index fell 4.
2%, the market's strong demand for cash triggered a stampede, yesterday the dollar index broke the 100 mark to hit a new high in nearly 3 years, in the current panic fundamentals have lost support for copper prices
.
And the current overseas epidemic is still in the development period, it is expected that copper prices will continue to be dominated
by bearish sentiment today.