November 15 Shanghai copper brief commentary

On Friday evening, under the joint impact of increased economic stimulus measures at home and abroad, and the acceleration of green energy transformation by major economies again, international nonferrous prices rebounded as a whole, London copper futures closed at 9745.
5 US dollars / ton, up 1.
22%, domestic copper and aluminum night trading both followed, Shanghai copper futures Cu2112 reported 71160 yuan / ton, up 0.
58%.

Domestic industrial growth data in October increased slightly, economic growth pressure remained, the number of resignations in the United States reached a record high in September, and the global macroeconomic pattern maintained a weak performance
.
The sharp decline of black varieties in the morning hit market confidence, and Shanghai copper followed the overall market downward
.
At present, the supply and demand of Shanghai copper fundamentals are weak, mainly affected by the news surface, it is expected that the Shanghai copper will stabilize after the overnight retreat, maintain the view of the range shock market, and pay attention to the competition near the main pressure level of 71,000
.
In operation, the merchant can properly dump the goods, and the downstream stock is temporarily waiting
.