Market risk asset sell-off Risk aversion sent copper down

On the macro front, global financial markets were turbulent, and the circuit breaker mechanism was triggered twice in the U.
S.
stock market during the week, and the 11-year bull market came to a complete end
.
The United States announced that it would cut taxes on some industries hit by the epidemic, and the Bank of England urgently cut interest rates by 50 basis points, but failed to ease market panic
.
The continued spread of the epidemic around the world has brought uncertainty to the market, the downward pressure on the global economy has further increased, and the collapse of oil prices caused by the international crude oil "price war" has hit market confidence
.

In terms of the market, the main trading range of spot copper this week is 42600-44300 yuan / ton, and the premium range is C150-B40 yuan / ton
.
This week's spot copper prices fluctuated greatly, spot discount gradually narrowed to premium, as this week is close to the delivery date, traders trading flat, downstream consumption is still weak, the overall market trading is weak
.

This week, due to the gradual spread of the overseas epidemic, the market risk assets sold off, and risk aversion sent copper prices down
.
However, at the end of the week, the market expected the United States to introduce a stimulus package to deal with the impact of the epidemic, in addition to the market heating up expectations that the People's Bank of China would follow the interest rate cut, and the steady resumption of domestic companies supported copper prices
.
Focus on whether there is a positive news release over the weekend, which supports the rapid rise
in copper prices in the late session.