July 3 copper market morning review

Shanghai copper continued its strong momentum on Thursday, closing at 49410, up 310, or 0.
63%.

During the day, Shanghai copper opened high and fluctuated, maintaining a bull market trend
.
Among them, the Chilean Workers' Association wants to shut down copper mines to curb the spread of the new crown, while Peru's copper production has declined for three consecutive months, and copper concentrate supply concerns have become a concern
.
The US manufacturing industry has recovered, the economic impact caused by the epidemic has gradually been digested, domestic copper and production enterprise orders have recovered to the same period of previous years, later demand is still expected to increase, market confidence actively promotes copper prices upward
.

At present, with the continuous upward momentum of Shanghai copper shrinking, in the case of Shanghai copper's main force around 49,500 pressure level or shock pullback, the overall after still maintain a strong possibility, the price center of gravity upward space is tentatively estimated to 50,000, pay attention to the night trading pullback and break through the pressure level, the operation because the disk is still strong possibility, it is recommended that the downstream can bargain just need to stock; merchants wait and see, fast forward and fast out can be properly shipped
.