The main force of Shanghai copper jumped high and the upward momentum was slightly insufficient

Externally, the Asian market opened higher at $4701.
5 / ton in the morning, the main reason for the high opening of copper prices in the morning was due to the Federal Reserve's announcement of unlimited easing measures, while the market is still expecting the United States to provide larger stimulus measures, the panic of liquidity risks has declined, the dollar index returned below the 102 mark, gold rose more than 4%, copper prices were also boosted
accordingly 。 After the morning open, copper prices once touched a high of $4781.
5 / ton, but then due to the current epidemic environment investors are not enthusiastic to enter the market, copper prices have given up their highs, the center of gravity of copper prices at noon maintained at $4685 / ton line, and in the afternoon the short term fell below the $4700 mark, bottoming out at $4643.
5 / ton
.
Entering the European market, copper prices were revised upward again, as of 17:30, the price of London copper was 4785 US dollars / ton, up 184 US dollars / ton, an increase of 4%.

In terms of the market, Shanghai copper opened high and low, the plate fluctuated widely, close to the afternoon market fell below 38,000 yuan / ton, copper price fluctuation risk, morning market holders tentative quotation discount 40 ~ discount 20 yuan / ton, the market to maintain a positive atmosphere of inquiry, buyers took the initiative to attack the price of price receipt, flat water copper generally traded discount 50-40 yuan / ton, good copper discount 40 ~ discount 30 yuan / ton
.
Although copper rebounded briefly, the market is still cautious, the downstream maintains an appropriate amount of bargain buying, traders still intend to receive goods for low discount closing long order buy cash selling period, intraday market transaction improvement is more obvious
.
In the afternoon, the market first suppressed and then rose, and then rushed to the line above 38,000 yuan, the spot is still dominated by traders' inquiry, intended to receive goods at a low discount, but it has been difficult to receive the low discount source in the morning, the quotation is deadlocked at a discount of 50-40 yuan / ton, a good copper discount of 40-30 yuan / ton, and the transaction price is 37650-38070 yuan / ton
.

Shanghai copper rebounded from its lows during the day, mainly due to the Federal Reserve's announcement of unlimited easing measures to ease liquidity shortages, while the Fed said it would allocate $300 billion to new lending programs to help most sectors
of financial markets.
The Shanghai copper market was boosted to end the consecutive decline and opened high, but due to the epidemic factors have not yet eased, the momentum of the trend after the high opening is obviously insufficient
.
At present, Shanghai copper is closing negative, the upper pressure is under the 5-day moving average, and there is still pressure above the technical point of view, waiting for the epidemic control effect of various countries, testing whether Shanghai copper can stabilize the 37,000 yuan / ton mark
.