March 26 copper market morning review

In terms of inventory, the last trading day Yangtze River Nonferrous Metal Network 1# copper quotation 65930, down 230
.
Copper warehouse receipt inventories fell by 1,347 tonnes to 112103 tonnes in the previous trading day, while LME copper inventories decreased by 275 tonnes
.

At the macro level, US President Joe Biden said that he will announce a huge infrastructure plan next week; The final GDP of the United States in the fourth quarter was unexpectedly revised upward, the initial jobless claims data was better than expected, and the three major stock indexes of the United States stocks bottomed out last
night.
Crude oil prices are under
pressure due to the anti-pandemic lockdown in Europe and the continued rise of the US dollar index.
The People's Bank of China said that prudent monetary policy should be flexible, precise, reasonable and moderate, and maintain reasonable and sufficient
liquidity.
Overall, the continued rebound of the US dollar index has put pressure on copper prices, while fundamental support is relatively limited, and short-term copper prices may be weak
.