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Last night, London copper closed at $4,814 / ton, down 1.
2%, with a volume of 10,000 lots, and long positions reduced by 2,788 lots to 279,000 lots
.
Last night, copper prices fluctuated around the 4800 mark, touching an intraday high of $4854.
5 / ton
.
Initial jobless claims surged to a record 3.
28 million last week as many businesses closed their doors to prevent the epidemic, although the figure exceeded expectations, more countries are expected to introduce different forms of stimulus, the US House of Representatives is expected to vote on a $2 trillion rescue package on Friday, and the Senate has approved the plan on Wednesday night, so the market bulls and bears are in a game, and copper prices were volatile last night
.
In other assets, the Dow continued to close sharply yesterday, rising sharply in three days, the highest since April 1933, and copper prices are expected to continue to rebound
steadily today.
In terms of spot, copper prices have rebounded at a low level, market buying has gradually increased, traders' inventories have shrunk, transaction activity has increased, the domestic epidemic continues to develop, the government actively promotes the resumption of work policy, the downstream start consumption of the future market is expected to further increase, and the recent source of imported copper has not further increased, holders intend to push up the premium, it is expected that today's spot is still expected to continue to rise
.
