October 9 copper market noon review

China's manufacturing PMI for September was 51.
5, 51.
3 expected and 51.
0
previously.
The global manufacturing PMI was 52.
9, up 0.
4
from the previous month.
In the United States, initial jobless claims fell by 9,000 to 840,000
in the past week.
During the National Day holiday, due to the diagnosis of the new crown by US President Trump, the market plunged for a while, but Trump's condition was quickly controlled and returned to work, and the market rebounded sharply back to pre-holiday levels
.
However, the uncertainty of the US presidential election has increased significantly, and the uncertainty of the future market is high
.
During the holiday, the renminbi rose sharply, and non-ferrous metals rose overall
.

Copper rose a total of 1.
32% during the holiday, and overnight it swung near the 20-day moving average to close the doji, opening slightly higher to $
6683 today.
The external market is strong, and it is expected that Shanghai copper may open higher with the external market around
the 20-day moving average of 51660 today.
After the holiday, some manufacturers may need to replenish their stocks, and the uncertainty of the US presidential election increases, Shanghai copper may rise in the short term, and the overall continuation of the shock in October is more
likely.
The future market is vigilant against the development of Sino-US relations and the US election
.
Shanghai copper upper pressure 53520, lower support 51000
.