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The sharp rise in U.
S.
bond interest rates triggered concerns about monetary policy adjustment, the day metal fell generally, the Shanghai copper rally ended, as of the end of the day, Shanghai copper fell 2.
06%, Shanghai aluminum rose 1.
36%, and international copper fell 1.
44%.
The dollar index recovered slightly in the face of the sharp fall of the euro, which suppressed
the continued upward trend of copper prices.
On the data front, initial jobless claims fell more than expected
last week.
Mortgage rates rose to a six-month high, and second-hand home signings fell to a six-month low in January, signaling risks
to the housing boom.
However, durable goods orders rose by the largest in six months, indicating a steady rebound in the manufacturing sector and optimistic
about the prospects for economic recovery.
Pay attention to the core PCE price index in the United States in January monthly and annual rate to see whether the market can rekindle the hot mood of bulls and drive copper prices up again
.
During the day, the main 04 contract of Shanghai copper jumped low, opened at 68770 yuan / ton after the center of gravity continued to move down, around 68430 yuan / ton narrow range shock finishing, after 10 o'clock the bulls entered the market again, copper prices rose again to 68780 yuan / ton sideways, closing at 68820 yuan / ton
before noon.
In the afternoon, the center of gravity stabilized at 68,390 yuan / ton after opening again and opened low to around 68,320 yuan / ton, and the bulls left the market madly at the end of the day, and the copper price fell below the 68,000 yuan / ton integer mark again, and finally closed at 67,950 yuan / ton
.
