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Last night, the center of gravity of the internal and external trading moved slightly upward, London copper closed at the 5700 mark, Shanghai copper rose slightly to 46660 yuan / ton, Shanghai copper index short position reduced by 1266 lots, to 621,000 lots
.
Last night, the main reason was the announcement that U.
S.
EIA crude oil inventories and refined oil inventories were both sharply reduced, and oil prices soared to a high of 55.
6, which was positive for copper prices
.
At present, Sino-US trade sentiment is gradually digested by the market, and the main factors affecting the market have returned to the macro aspect
.
At present, the British hard Brexit is further turbulent, the pound continues to fall sharply, and the German economy has been in the doldrums
.
Investors have little
confidence in the eurozone economy.
The US 2-year Treasury and 10-year Treasury yields continued to invert to their lowest level since 2007, the market was risk-aversion, and the CMX gold price has remained at a high of
1550.
Overall, trade sentiment has diluted, but market risk aversion has not eased, investors are still more worried about recession, macro in the face of copper price impulse energy support is insufficient
.
On the domestic side, the demand side has not yet shown signs of improvement, and the fundamental performance is still weak
.
In terms of spot, due to the recent rise in market prices, the enthusiasm of the market has cooled down, and the willingness of holders to raise prices is difficult to change, and the overall performance of the market is deadlocked
.
It is expected that today's Shanghai copper 46400-46700 yuan / ton, spot premium 50-liter 80 yuan / ton
.
