May 27 Shanghai copper brief commentary

From a macro perspective, since the beginning of this year, due to multiple factors such as international transmission, the prices of some commodities have continued to rise
.
We need to do a good job in ensuring the supply and price of bulk commodities and reasonably guiding market expectations
.
It is necessary to properly reserve and regulate, and combat hoarding to support enterprises in coping with rising costs and other operational difficulties, and strive to prevent the transmission
of consumer prices.
Overseas, although the Fed proposed in its recent minutes that it will discuss plans to taper bond purchases at some point in the future, quantitative easing will not change in the short term, so copper prices may continue to be strong near support levels
.

On the news, although the Escondida and Spence copper mines under the Chilean BHP were suspended by strike, the overall impact of taking urgent action to maintain copper mine operations is still needed
.
Recently, the state has suppressed the impact of commodity price speculation, and the momentum of Shanghai copper prices is limited, and it is expected that the recent range volatility is still the mainstay, paying attention to the volatility around 7.
1-73,000, traders are mainly fast forward and fast out, and the operation is high and low at
the point.