November 23 copper market noon review

Macro positive concentrated cashing, boosting market sentiment, the dollar index weakened, copper prices broke through the previous high
strongly.
On the supply side, domestic refined copper production continues to increase, in line with refiners' expectations of catching up with annual production, and there are tightening expectations
on the mine side.
However, there are still hidden worries on the current demand side, the recovery of consumption data is less than expected, the price index is down, and the current weak consumption is still an important factor
restricting copper prices.

The reality of the recent off-season of traditional non-ferrous consumption has been diluted by optimistic future economic growth expectations, because the current global financial market around the post-epidemic era economic recovery prospects for valuation repair, including nonferrous commodity prices have a significant impact, while market risk appetite with the increase of economic policy stimulation in various countries has been boosted, domestic and foreign commodity prices have risen, but considering that the global epidemic situation in autumn and winter is still not optimistic, and there is a demand for digestion of varieties after the rapid rebound in the early stage, it is recommended that investors focus on short-term band operations.
The medium line focuses on the guidance of monetary and fiscal stimulus policies and the adjustment of dynamic supply and demand of commodities, which is not overestimated
.