Shanghai copper gap high open maintained a high level throughout the day

During the Asian session, the market risk appetite increased, and the trend of London copper continued to be strong, and the latest quotation at 15:00 Beijing time was 5020 US dollars / ton, up 115.
5 US dollars, or 2.
35%.

In the spot market, downstream consumption is dominated by demand, supply and demand continue to tug-of-war, and the trading atmosphere is quiet
.
The current macro suppression has temporarily weakened, but the recovery of fundamental demand is limited, the short-term impact of the acceleration of new infrastructure UHV construction is relatively limited, and the rise in copper prices may be difficult to sustain.

The crude oil market may ease, overnight market confidence recovery to promote the U.
S.
stock market rally, copper prices affected by this again high operation, in the short term as the United States epidemic gradually entered the peak of spread, the epidemic appeared expected to turn around, the market bottom funds gradually entered the market to promote the price upward, but the economic impact of the new crown still needs to be extended cycle assessment, refined copper demand sluggish has become a concern, copper prices are still under pressure
in the medium term.
It is expected that the recent high operation of Shanghai copper is the mainstay, or there is a slight pullback to the downside, you can pay attention to the support of the main force of Shanghai copper around 40,000, and the operation is recommended to sell high and absorb low, and the downstream cautious bargain stocking
.