Shanghai copper maintains a volatile trend and will run weakly at a low level in the short term

In terms of external trading, LME copper opened slightly lower at $5830 in March, opened slightly lower to $5820, the price fluctuated in a narrow range, suddenly pulled up in the afternoon, the highest rose to $5863, and then fell slightly, and the final price closed at $5855, up $18.
5, or 0.
32%.

In terms of the market, the market trading in the mainstream trading session in the morning was general, the stabilization of copper futures made holders actively quote, the overall market supply was loose, and the holders continued to lower the premium during the day to promote transactions, but the downstream was more cautious and wait-and-see, and the transaction was not good
.
Among them, good copper B20-B10 yuan / ton, flat water copper C20-C10 yuan / ton, wet copper C60-C50 yuan / ton
.

On the news front, the news that Chile's Zaldivar copper miners voted to hold a strike on Monday once supported and stabilized, and commodity bulls returned to the market in the afternoon, with PTA limits and black continuing to rally
in non-ferrous metals.
At present, copper prices lack direct guidance, following the overall commodity trend, the market waits for Wednesday's Yellen speech to reveal the path of interest rate hikes, investors are cautious and wait-and-see, continue to pay attention to whether the news of the strike can provide enough support
for copper prices.

From the futures plate, Shanghai copper rush high is blocked in the half-year line, MACD dead cross, KDJ dead cross running to a low level, the price continues to be supported near the 20-day moving average, it is expected that short-term copper prices will remain weak at a low level, continue to pay attention to downstream procurement
.