April 8 Copper Market Brief Review

After the short-term adjustment, the negative impact of the Fed's hawkish interest rate hike may have been basically priced in by the market, and copper prices have risen
under the resonance of high inflation and low global inventories.
The energy shortage caused by the situation in Russia and Ukraine has temporarily cooled down due to comprehensive reasons such as the release of crude oil reserves by the IEA, but there is still a large gap in medium and long-term energy, and there is an opportunity
for copper prices to break through.

At present, the negative impact caused by the domestic epidemic is greater, but under the support of policies, the market still has expectations for the follow-up demand season, and copper prices are expected to break through new highs
in the medium term.
Short-term copper prices are expected to remain strongly volatile
.
Pressure level 74000
.
The operation is high and low suction by the upper shipper, and the downstream is prepared on demand
.