April 18 copper market morning review

There has not been much change in the macro aspect, and the National Standing Committee is still mainly easing, encouraging large banks with higher reserve levels to reduce the provision ratio in an orderly manner, and using monetary policy tools such as RRR cuts in a timely manner to reduce comprehensive financing costs
.

Fundamentally, the acceptance of prices by some downstream companies has increased, and copper prices have increased
.
On the other hand, the volume and position of futures fell on Thursday and Friday, which also reflected the different levels of price acceptance
.

In the coming week, macro policy may continue to remain stable, investors' attention may still focus on the situation in Russia and Ukraine, and the strengthening of the willingness of midstream and downstream enterprises to purchase in the short term will continue to provide support for copper prices, but weak economic growth in the medium and long term and tightening monetary policy around the world are still resistance to copper prices, while the larger gains on Thursday and Friday may spit
out this week.
Copper prices may remain strong in the short term and short
in the medium and long term.