January 7 Shanghai copper afternoon review

In terms of spot, the current market low price replenishment consumption is considerable, if today's market rises, it may continue to stimulate the market low buying
.
It is expected that today's Shanghai copper will be 47500-48000 yuan / ton, and the spot premium will be 70-200 yuan / ton
.

On the information side, copper inventories on the three major exchanges are low
.
U.
S.
stocks rebounded
sharply.
People's Bank of China announced on Friday that it had decided to cut the reserve requirement ratio of financial institutions in January 2019 to replace some medium-term lending facilities, including 0.
5 percentage points
on January 15 and January 25, 2019.
On the morning of January 4, China and the United States held a vice ministerial call, confirming that US Deputy Trade Representative Glash will lead a US working group to visit China on January 7-8 and hold positive and constructive discussions
with the Chinese working group on implementing the important consensus reached at the meeting between the two heads of state in Argentina.