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Trade Service
Today's Shanghai copper volatility is lower
.
At the end of the day, the main 2105 contract of Shanghai copper closed at 66900, down 330, or 0.
49%.
Overnight, Shanghai copper followed London copper to continue to rebound
above 67,000.
April is the best performance period of the peak season, and the market has expectations
for consumption.
At the same time, the external market is optimistic about vaccination and possible stimulus policies, infrastructure rights and interests have been concerned, and the US dollar index has fallen
in the short term.
However, strong overseas economic indicators need to be more specifically reflected in
copper trading signals.
On the macro front, the IMF raised the global economic growth rate, and macro market sentiment continued to pick up: global GDP growth is expected to be 6% this year, compared with the previous expectation of 5.
5%; China's GDP growth is expected to be 8.
4% this year, compared with 8.
1% previously expected; U.
S.
GDP growth is expected to be 5.
4 percent this year, compared with 5.
1 percent
previously expected.
Domestic consumption was weaker-than-expected and the US index high, or hit market confidence, and Shanghai copper fluctuated and fell
during the day.
However, foreign supply-side concerns are still there, and the pullback space below Shanghai copper is limited, and the medium and long-term outlook
is still strong.
Recently the news is flat, copper prices lack upward momentum, is expected to run around the 5-day moving average weak at night, the main reference range: 6.
63-67,300, operationally recommended that merchants ship a small amount, downstream just need to stock
.
