Non-ferrous metals rebound overall Copper prices operate around range-bound in the short term

On Friday evening, the financial market recovered enthusiastically after the return of China's long holiday, asset prices rebounded after the ups and downs of the holiday, as of the close of the 8th, London copper futures were reported at 9350 US dollars / ton, up 0.
47%, domestic overnight copper and aluminum overall recovery, Shanghai copper futures main contract Cu2111 reported 69340 yuan / ton, up 0.
10%.

Although the strong differentiation of non-ferrous copper and weak aluminum in recent times is obvious, the overall market sentiment has improved compared with before the holiday, and it is expected that the funds that left before the end of China's National Day holiday will return, considering the recent signs of a slight easing in Sino-US relations, and the improvement of the US domestic debt ceiling game, it is expected that the financial market as a whole may resume its rally
。 In the context of frequent style switching in the current financial market, non-ferrous metals still show resilience in turbulent times, and their price elasticity is mainly due to the continuous fermentation of hot concepts such as new energy and new infrastructure and carbon neutrality, and the promotion of tight supply and demand of copper and aluminum under the dual control policy of energy and low inventories.

Under the premise that domestic and foreign financial markets have not yet exposed systemic risks, the price of non-ferrous metals led by copper and aluminum still has strong structural support, and short-term copper runs around the shock range of 68,000-72,000 yuan, and it is necessary to be vigilant about the impact
of policy expectations at sensitive time points in the fourth quarter.