February 8 copper market noon review

The global manufacturing PMI in January was 54.
4%, above
50% for seven consecutive months.
US President Joe Biden: "fierce competition" rather than "confrontation"
is expected between China and the United States.
US non-farm payrolls 49,000 (million) after quarterly adjustment in January, prior: -14, expected: 5
.
On Friday, both the US Senate and the House of Representatives have passed the 1.
9 trillion stimulus package, which will be officially implemented after the congressional vote, while the US non-farm payrolls data in January has improved sharply compared with December, and market sentiment has been greatly boosted
.
The dollar fell sharply, and most non-ferrous metals rose
.

On Friday, London copper opened higher and closed in Zhongyang, closing above the 20-day moving average of $7983, and U.
S.
copper opened
slightly higher today.
After continuous rise, Shanghai copper continued to open higher in the night, oscillating to close the small black candle, closing near the 20-day moving average at 58340
.
Shanghai copper trading positions fell slightly, pre-holiday market trading was inactive, and short-term copper prices continued to rebound
.
Shanghai copper has an upper pressure of 59000 and a lower support of the 60-day moving average of 57000
.
Today's international copper premium compared with Shanghai copper expanded sharply to 409 yuan, and the external sentiment strengthened
sharply.