The market has more positive news, and the short-term trend of copper is stronger

In terms of the market, the Spring Festival holiday has passed, downstream traders have gradually increased, the market transaction has picked up slightly, copper prices have risen significantly, but the downstream copper manufacturers do not trade much, most of them have bargained before the holiday, there is no large number of procurement needs for the time being, the holders have slightly priced shipments, some downstream manufacturers wait and wait for consumption to gradually pick up, it is expected that the Lantern Festival will be traded or gradually improved
.

Scrap copper market, market supply is obviously in short supply, the current holders of goods at a high price, downstream enterprises have not started a large number of work, under the dual influence of strict environmental protection inspection and scrap seven types of copper policy, supply and demand has not improved
significantly.

South Reserve East China, the average spot price of electrolytic copper was 53,010 yuan, up 780 yuan; Liter discount quotation, -240 to -180 yuan, up 20 yuan
.
In East China, on the second trading day after the holiday, the market trading atmosphere improved compared with the previous day, and some downstream began to enter the market for procurement, but the overall trading volume was still average
.
As of the close, the premium copper mainstream trading pair futures contract discount of 180-200 yuan, flat water copper discount 230-260 yuan, wet copper discount 320 yuan
.

South China, the average spot price of electrolytic copper was 53,250 yuan, up 790 yuan; Liter discount quotation, 20 to 50 yuan, up 35 yuan
.
In Guangdong, the number of traders at work has increased compared with the previous day, but there are not many real transactions, only a very small number of merchants have transactions, and the downstream is mainly
to receive long orders.
As of the close, the premium copper mainstream trading pair futures contract premium of about 30-50 yuan, flat water copper discount 10 ~ 20 yuan
.

Recently, there is more positive news in the market, the overall commodity resonance upward, the weakening of the early Apple also closed the board stopped, non-ferrous metals after the adjustment rose again, Shanghai copper once again appeared far month bulls sharply increased positions, short-term trend is strong and volatile.

From the perspective of futures, Shanghai copper main MACD gold cross, KDJ gold cross, the price broke through and stood firm 20-day moving average, currently facing the pressure of 54,000 yuan integer mark, short-term trend is strong
.