February 23 Lun Tong morning review

In terms of the market, as of February 22, the spot price of London copper was $7,003/ton, a discount of $41/ton over the March contract; The actual ratio of Shanghai copper spot to London copper spot was 7.
48 (import ratio was 7.
54), and the import loss was 390 yuan / ton; The actual ratio of the Shanghai copper 3 contract to the London copper March contract was 7.
56 (the import ratio was 7.
54), and the import profit was 176 yuan / ton
.

Due to the Chinese Spring Festival holiday, the US dollar index turned from rising to falling, inventories continued to decline, driving London copper continued to rebound, London copper significantly climbed back close to the high of 7200 US dollars near the month, in the long run, the tight supply of copper mines in the future market to support copper prices is better, it is expected that today London copper maintains a high level of volatility, the support below is obviously positive, and the short-term is expected to rise significantly
.