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The copper market retreated on Thursday, with profit-taking pullbacks across financial and commodity markets
.
On Thursday evening, most of the international financial markets fell, London copper futures closed at 6582.
5 US dollars / ton, down 1.
57%, domestic nonferrous futures fell collectively overnight, Shanghai copper futures 2010 contract at 51300 yuan / ton, down 1.
18%.
Almost all assets have returned to pre-pandemic levels since the rally at the end of March, but the slow recovery of the US economy is still weighing on the market
.
The number of initial jobless claims in the United States on Thursday was lower than expected, but the market is still not optimistic about employment, everyone is concerned about Friday's employment data, the market needs to see the United States continue to stimulate the economy, otherwise the room for decline will increase
.
Profit-taking on the copper market has also begun to appear, the recent fundamentals are weak inside and outside, the biggest support in the market is inventories, recent data show that Peru and Chile production increased, need to see an increase
in inventories.
Short-term copper prices will fluctuate
high.
