Copper prices are slightly resilient and return to volatile markets

At present, the epidemic is no longer the main contradiction of global economic development, and the easing of the macro environment continues to support copper prices
.
However, short-term market sentiment is affected by policy factors, the uncertainty of the Fed's monetary policy and China's reserve selling clearly stated that it controls copper prices, and copper prices have returned to a volatile market
.

With the Fed's statement that it will likely tighten monetary policy and the Chinese central bank's dumping of copper prices as the dividing point, copper prices came out
of a strong rally.
Since June 2021, copper prices have continued to correct, from a high of 78270 to a minimum of around
65000.
Short-term Shanghai copper stabilized around the medium-term uptrend line of 65000-66000, but there is still no clear bottom pattern
.

Due to the uncertainty of the Fed's monetary policy, the global market is still in a more cautious atmosphere, the upward momentum is insufficient, the medium-term copper price may continue to fluctuate around 65,000, and the market will mainly focus on the Fed's
monetary policy changes.
Considering the rapid economic recovery in Europe and the United States, it is expected that London copper may be stronger than Shanghai copper in the medium term, and the overall volatility may continue
.