Most of the non-ferrous metals market fell, and the market transaction was relatively light

Today's non-ferrous metals market mostly fell, as of the close of the day, international copper fell 1.
88%, Shanghai copper fell 2.
01%, today's foreign trade market transaction is relatively light, market quotations and inquiries are relatively small
.

The copper market retreated
on Tuesday.
Earlier, copper prices continued to soar, the dollar broke down to give the copper market momentum, but the United States announced a sharp decline in the new housing start rate, material prices are too high is one of the reasons, in the face of the sharp rise in US prices, the market is more sensitive
to whether the US monetary policy turned.
The downward break in the dollar index means that the current easing policy in the United States will continue
.

On the macro front, the recovery in Europe and the United States continued to improve, the policy has not been tightened, coupled with the fall in US bond yields, the weakening of the US dollar, and the support of copper prices is still strong; On the supply side, TC continued to recover, and the supply disturbance showed signs of easing, but the production of refined copper grew rapidly, and imports also showed a high growth rate
.

On the demand side, short-term domestic terminal demand remains rigid, domestic copper stocks continue to accumulate, and downstream consumption is cautious
after copper prices rise sharply.
However, overseas inventories continue to decline, domestic exports are growing at a high rate, and overseas factors are more dominant
.
Pay attention to domestic consumption
as copper prices fall back.
Maintain a strong trend of volatility in the short term
.