The market sentiment is biased towards the positive period and the center of gravity of copper has shifted slightly upward

In terms of external trading, Apanlon copper opened at 5894.
5 US dollars / ton, the center of gravity in the Asian session basically maintained at 5894 US dollars / ton line, until the end of the Asian market, copper prices rose in a straight line, due to the easing of trade sentiment, copper prices successfully stood at the $5900 mark
.
After entering the European market, copper prices did not stop, all the way to the upward performance, bulls took the initiative to increase positions, copper prices rose to a high of 5931.
5 US dollars / ton
.
As of 17:30, London copper closed at $5930.
5/ton, up 0.
41%.

Although the recent small non-farm payrolls data released by the United States disappointed the market, the non-farm payrolls expectation was good, which also confirmed that the Fed has repeatedly emphasized the moderate caliber of employment, and the dollar is expected to recover, putting some pressure
on copper prices.
At present, there are 3 consecutive yang, and the overall technical support is strong
.

In terms of the market, the center of gravity of Shanghai copper returned to maintain stability at 47200 yuan / ton
.
In the spot market, the morning market holders tentatively quoted at 170 ~ 180 yuan / ton, but in exchange for the rush to gush out of the source and the willingness to rush to cash, the market has no willingness to receive trade, so the market opened the downward adjustment mode, flat water copper all the way down to 140 yuan / ton There is still room for price pressure, good copper is reduced to 150 ~ 160 yuan / ton, lack of trading, wet method follows the market down to 60 ~ 80 yuan / ton of
premium 。 Copper futures remain strong, downstream buying is suppressed, the trade market this week of speculative active market conditions basically came to an end, the premium is difficult to rush again, it is inevitable that there will be a high fall, but the inventory is still in a state of decline, next week and face the trend of delivery, so even if the premium is lowered, it will be limited, but it is difficult to arouse the speculative enthusiasm
of traders again in the process of giving up the gains 。 In the afternoon, the quotation again showed a downward revision, due to the high price led to a significant decrease in market acceptance, the holder considering that the spot quotation followed the delivery level of the previous period after entering next week, there will be a significant downward adjustment, so the holder took advantage of the high premium to actively ship, and actively lowered the quotation to attract market transactions
.

The center of gravity of Shanghai copper moved slightly upward during the day, mainly because the domestic central bank renewed the 300 billion MLF operation again, and the operating interest rate remained at 3.
25%, reflecting the central bank's determination to continue to implement a prudent monetary policy in the process of counter-cyclical adjustment, maintain reasonable liquidity, the market atmosphere is biased towards a positive trend, and the center of gravity of Shanghai copper is also slightly boosted
.
Shanghai copper closed positive during the day, the technical performance was positive, while the US heavy non-farm data and OPEC production reduction decision are about to be announced, testing whether Shanghai copper can continue to stand firm and rush up 47400 yuan / ton
.