The pressure of copper rushing is relatively large, and we continue to pay attention to the global epidemic

In terms of external trading, Apanlon copper opened at 4800 US dollars / ton, and China's manufacturing PMI, non-manufacturing business activity index and composite PMI output index in March released at 9 o'clock after the opening all rebounded from the sharp decline base in February, indicating that the production and operation conditions of enterprises in March have undergone obvious positive changes
compared with February.
Boosted by domestic favors, London copper reached a high of $4872/ton in the morning, and then fell back to around $4840/ton to maintain volatility
.
After entering the European session, copper prices continued to remain stable and volatile, fluctuating
in a narrow range around the daily moving average.
As of 16:50, London copper closed at $4833/mt, up 1.
61%.

The official manufacturing PMI value in March was 52.
0%, showing that the manufacturing industry resumed production well, commodities generally turned red, and Shanghai copper rose by more than 800 yuan / ton from the previous day, and rose to 39,300 yuan / ton last week
.
The morning market quotation premium 100 ~ 120 yuan / ton, traders continue to enter the market to receive goods, market inquiry buying positive, the quotation quickly rose to flat water copper premium 120 yuan / ton, good copper premium 130 yuan / ton
.
Intraday futures are now rising, market transactions are mainly led by traders, and the market is gradually cautiously suppressed
under the rebound pattern and rising momentum.
In the afternoon, the plate was in a narrow range of shock sorting, the spot quotation remained stable, flat water copper premium 120-130 yuan / ton, good copper premium 130-140 yuan / ton, the transaction price was 39400-39460 yuan / ton
.

Shanghai copper jumped high during the day, mainly because the domestic morning release of March official manufacturing PMI data is better than expected, market confidence has been short-term boosted, Shanghai copper once again broke through the 39,000 yuan / ton mark, although the intraday opening high to 39,600 yuan / ton high level, but the overall copper price within the day has not yet broken through the 40,000 yuan mark, the upper pressure is still more obvious, the current copper price has been hovering around 39,000 yuan / ton for many days to stop, and the global epidemic situation, crude oil price war situation still has not significantly improved, The market's expectations of recession are becoming stronger, the current Shanghai copper closes the doji, the game situation between the long and short sides is still unclear, the pressure is still large, continue to pay attention to the global epidemic situation, test whether Shanghai copper can continue to hold the 39,000 yuan / ton mark
.