The consolidation of copper market highs was driven by the rise in the black series

In the external market, LME copper fluctuated in the morning in March, falling as low as $5,834 at one point, after which the price rebounded, pulling straight up to $5,870 in late trading, and the Asian market closed at $5,867, up $20.
5, or 0.
35%.

In terms of the market, the market trading in the morning mainstream trading session continued to remain light, in terms of spot, the enthusiasm of holders to quote weakened, the intraday market circulation of goods decreased, affected by the end of the month and mid-year capital factors, the intraday market wait-and-see sentiment continued to remain strong, but the holders also had no intention to reduce the premium shipments, supply and demand were light
.
Among them, good copper C120-C110 yuan / ton, flat water copper C150-C140 yuan / ton, wet copper C180-C170 yuan / ton
.

On the news front, the dollar index fell sharply, causing the non-ferrous metals sector to continue to rise, and the relevant economic data released by China also showed that the economic trend has not changed
.
However, overnight crude oil rushed back down once suppressed the plate, profit fleeing, black performance in the afternoon, copper market also rose again, but the off-season effect can not support copper prices to go further, the current spot copper are in a state
of large discount.

From the perspective of futures disk, Shanghai copper continues to soar, MACD, KDJ gold cross is still the same, the price temporarily returned to the long market, but the upper half of the line at the pressure is huge, the price may face the possibility of continuing to fall, continue to pay attention to downstream procurement
.