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Today's Shanghai copper soared by 1,000 yuan, continuing the strong trend, closing the Shanghai copper main 2101 contract closed at 56120, up 1160, or 2.
11%.
Last week, copper prices were strong
, driven by macro positives such as vaccines and a weaker dollar.
The short-term market trading logic is dominated by macro, the economy led by China has maintained more than expected growth, and overseas vaccines have been successful, although it will still experience the drag of worsening the epidemic and further lockdowns at present, but next year is expected to usher in a comprehensive and rapid recovery, and the medium term is good
.
In addition, the expectation of large-scale stimulus policies in the United States and Europe is still waiting to be fulfilled, and the macro situation is obviously
positive.
Copper prices rose rapidly within the day, and the medium and long-term bias expectations were further realized, and the outflow state maintained in the previous period under the condition of a large increase in imported copper inventories this year, coupled with the good situation of vaccine research and development in Europe and the United States, the copper market is expected to further heat up and the price will break through this year's
high.
At present, the breakthrough effect of the 56,000 pressure level is acceptable, and it is recommended to pay attention to the support conversion effect of the pressure level, and there are still strong expectations
in the future.
