The upward impulse of Shanghai copper narrows in the short term or the shock stabilizes

On the macro front, home prices in major U.
S.
cities cooled for the third month in a row in October, falling from a record high set in July
.
The US Richmond Fed Manufacturing Index of 16 in December was higher than expectations and the previous reading of 11, and recent economic data showed signs of
stabilization.

In terms of the epidemic, on Monday, the global single-day new confirmed cases of new crown reached a record high, and the United States added 500,000 new confirmed cases
.
France added nearly 180,000 cases in a single day, and the United Kingdom added nearly 130,000 cases, both reaching new highs
with Greece.
Scientists expect the wave of Omicron infections to peak in January, with South African studies proving that Omicron increases immunity to the Delta strain
.
Most economists believe Omicron is less influential than previous waves, and many countries are beginning to ease restrictions
.
The United States will cut the quarantine period for infected people by half to 5 days, the United Kingdom will not implement new anti-epidemic restrictions before the end of this year, and France plans to shorten the quarantine period requirement
for vaccinated people.
Major governments are advocating full vaccination and booster shots
as soon as possible.

From a fundamental point of view, the supply of Shanghai copper market is still in a tight state, which makes the sentiment of holders strong in price support, resulting in a slight increase in the premium; Guangdong electrolytic copper inventory rose for two consecutive days, under the background of rising copper prices, the downstream was reluctant to accept goods, and the holders actively adjusted prices and shipments, and the premium fell
significantly from the previous day.