May 13 copper market noon review

The overall CPI in the United States surged by 4.
2% year-on-year in April, the highest since the financial crisis; The core CPI surged 3% year-on-year in April, the biggest increase
since January 1996.
Biden: The goal
of getting the first dose of the vaccine for 60% of U.
S.
adults is on track next week.
CAAM: Passenger car sales in China in April increased 10.
8% y/y to 1.
7 million units
.
Yesterday, the US CPI soared to a new high, Fed officials said to tighten monetary policy at the necessary time, the dollar rose sharply overnight, and non-ferrous metals fell
across the board.

Copper fell sharply overnight to close in the shade, opening slightly lower today below the 5-day moving average at $10,395.
5
.
After the daily rise of Shanghai copper, it opened sharply lower in the night session, closing under pressure at the 5-day moving average to close at 75690
.
The upward trend is limited, short-term copper prices may fluctuate at a high level, be wary that short-term volatility may rise sharply, and there is still the possibility of rising again after stabilizing in the
medium term.
Shanghai copper upper pressure 78270, lower support 71500
.
Today's international copper premium rose slightly to 541 points, and the external trend was slightly stronger
.