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Shanghai copper afternoon review on March 6

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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Last night, trading in Shanghai copper continued to be suspended
.
Last night, the trend of London copper retreated, mainly dominated by market risk aversion
.
The global outbreak caused U.
S.
stocks to tumble, with London copper receiving a drag to close at 5671
.

Shanghai copper

The optimism brought by Super Tuesday in the United States faded, as new cases continued to appear in many parts of the United States revived concerns about whether the public health emergency could be contained and its impact on future global economic growth
.
U.
S.
stocks plunged more than 3% again yesterday, and gold soared above 1670, indicating that the market has not yet escaped the negative impact of
the public health emergency.
In other words, other financial markets are still sending warning signs
.

In terms of spot, there is currently a divergence between market supply and demand, traders favor low-priced sources but difficult to suppress prices, good quality and low-priced flat water copper is favored by market buying, and the transaction is still led by traders, but the overall trade activity is cautious and deadlocked, and the quotations of holders are basically maintained
.
It is expected that today's Shanghai copper 45100-45500 yuan / ton
.
It is expected that today's spot discount is 110-80 yuan / ton
.

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