Shanghai copper returned to the volatile market after sharp fluctuations

In terms of fundamentals, there was little change, the global inventory remained low, the downward trend of the London Exchange slowed down, the relevant hype momentum weakened, and the domestic market resumed operation one after another; Macro disturbances are frequent, tensions between Russia and Ukraine, and market risk aversion weighs on risk appetite; The US PPI data for January exceeded expectations, raising expectations of interest rate hikes, and the persistence of high inflation provided strong support
for copper prices in the medium term.

In the market, spot copper fell by 970 yuan last week, and good copper rose to around
130 yuan.
After the Lantern Festival, with the downstream construction one after another, the market trading atmosphere has warmed up
.
In terms of import profit and loss, the US dollar index fell last week, the renminbi continued to appreciate, and the import loss narrowed to around 600 yuan per ton.

Spot copper rose by about 1,000 yuan last week, affected by the geopolitics of Russia and Ukraine and the imminent interest rate hike in the United States, copper prices returned to the volatile market after a sharp fluctuation during the week
.
The last round of low inventory speculation investment confidence decreased, fundamental data calm market bias wait-and-see-based, it is expected that the copper market will maintain a volatile market next week, pay attention to if the Ukrainian and Russian geopolitical fermentation or the United States employment data is not good, the news may suppress copper prices in the US index, near the March Fed interest rate is about to land, employment and inflation data will also become every time point affecting copper price fluctuations
.