Copper continues to adjust the trend in the later stage, and there is still the possibility of repeating

In the macro aspect, in the recent stage, with the strengthening of supervision in the financial industry, the central bank is also constantly tightening monetary roots, shadow banking is significantly constrained, domestic liquidity is tightened, and market capital risk appetite has declined, which has put certain pressure
on domestic asset prices.
For commodities, short-term attention to the policy trends of the "Belt and Road" summit forum in mid-May, the main line of the copper price market will rely more on macro policy games and liquidity dominance, 45,000-46,000 yuan / ton regional support can be recovered, will be the key to whether the medium-term technical form of copper prices can be intact, it is recommended to focus on short-term operations
.

Above the copper market, LME stocks fell by 8,725 tonnes to 343,000 tonnes on Tuesday, and LME spot discounts expanded by $1.
50 to $25.
75
.
The domestic spot premium remained unchanged during the day, still rising 30-60 yuan, the supply of copper is abundant, the downstream is mostly wait-and-see, and the overall transaction is average
.

At present, in the case of large spot inventories in the copper market, price fluctuations mainly follow macroeconomic trends
.
In terms of time, as June approaches, negative factors such as the US interest rate hike, the half-year assessment of the Bank of China, and the seasonal change in consumption will gradually strengthen.

Copper's decline is unchanged, but when it reaches the year's low, copper prices may be repeated, the operational high bears remain unchanged, the rebound can still be shorted, and the pressure level moves down to 45500
.