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March 3 Shanghai copper afternoon review

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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Last night, trading in Shanghai copper continued to be suspended
.
Last night, the price of London copper rose again, returning to the intraday high and standing above the $5700 mark
.
Yesterday's copper price rose mainly as investors bet that the Federal Reserve will cut interest rates in response to the impact of public health events, the dollar index hit a new low since January 16 to 97.
18, and global central banks are expected to coordinate to stabilize the market, pushing crude oil, U.
S.
stocks and other risk assets to rise, which has a clear positive
impact on copper prices.

Shanghai copper

Domestically, the overall performance of epidemic control has been relatively good, the resumption of work of domestic enterprises has increased significantly, and the central bank has vigorously carried out infrastructure investment, which has boosted market confidence
.
However, at present, there is still a great risk of the spread of the epidemic abroad, and there is a spread trend in many places, so it is still necessary to be vigilant against the risk of health events, and at the same time pay attention to the adjustment of central banks to see whether the benefits brought by funds can be sustained
.

In terms of spot, due to the beginning of the month, with the resumption of work and the improvement of corporate funds, spot market trading has also heated up, especially in the current low price situation, market inquiry is relatively positive, and the discount environment has improved
.
The discount is expected to be repaired
today.
It is expected that today's Shanghai copper 44900-45400 yuan / ton
.
Spot discount 120-discount 80 yuan / ton
.

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