The dollar index fell to multi-year lows and there is limited room for a correction in Shanghai

During the Asian session, London copper opened high, and the latest quotation at 15:00 Beijing time was 7887.
5 US dollars / ton, up 66.
5 US dollars, or 0.
85%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River nonferrous metal network 1# copper price was 58100 yuan / ton, down 480 yuan, discount 120-discount 60; Guangdong spot 1# copper price reported 58140 yuan / ton, down 410 yuan; Yangtze River spot 1# copper price 58190 yuan / ton, down 420 yuan, discount 20-liter water 0; Shanghai spot 1# copper price was 58090 yuan / ton, down 440 yuan
.

In the spot market, the receiver is more cautious, and the downstream just needs to buy at a low price, and the overall transaction is light
.
Fundamental support may weaken as the off-season approaches, but the dollar index falls to multi-year lows as the US dollar index falls to multi-year lows, supporting
copper prices.

Today's Shanghai copper first fell and then rose, and the main 2102 contract of Shanghai copper closed at 58480 at the end of the day, down 100, or 0.
17%.

Intraday copper rose, Shanghai copper closed losses in the afternoon, the euro strengthened, and the dollar index weakened again to support copper prices
.
On the news side, Las Bambas will affect transportation due to lockdown protests, global explicit inventories remain low, and copper prices have limited room for correction
.
It is expected that the Shanghai copper range will be sorted out at night, the main reference range is 5.
82-58,800, and traders are mainly wait-and-see in operation, and the downstream just needs to stock
.