December 20 copper market noon review

Eurozone November core harmonized CPI year-on-year final value 2.
6%, expectations 2.
6%, preliminary value 2.
6%.

Germany's November PPI m/m came in at 0.
8% vs 3.
80% prior, 1.
40%
expected.
Recently, the epidemic in the UK has exploded, and the number of new daily diagnoses has reached a new high, and London has entered a state of
"major accident".
On Friday, European inflation data was less than expected, the European Central Bank is likely not to tighten monetary policy, the euro fell sharply, the dollar rose sharply, and non-ferrous metals fell
across the board.

After the Chilean election, Boric was elected as the new president, which may be followed by higher taxes
on the mining of copper, lithium and cobalt.
On Friday, London copper rushed back down and turned down, and today U.
S.
copper opened
slightly lower.
Shanghai copper opened low and fell to close in the dark at 68950
overnight.
Shanghai copper trading declined, positions rose slightly, and market sentiment was slightly optimistic
.
The short-term rebound of copper prices has returned to around 69,000, but the market rebound in the off-season is insufficient, and the range-bound market may continue in the medium term
.
Shanghai copper upper pressure 71000, lower support 67000
.
Today's international copper fell to 263 points compared with Shanghai copper, returning to normal levels
.