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the copper price rebounded and entered a short-term consolidation state.
2020-3-26

MAR 25 (LTIT) –With the continuous expansion of PK epidemic data of the U.S. big move to rescue the market, the copper price rebounded and entered a short-term consolidation state. LME copper price fluctuated between 4,800 U.S. dollars and domestic copper price 49000 yuan, and the market waited for more directional news. At present, foreign countries have taken active measures to deal with the epidemic situation, while domestic control is stable. The pressure now comes from the impact on the economy and the suppression of demand. It is estimated that the short-term copper price trend will still oscillate slightly after rebounding to nearly 4,000 yuan and being suppressed by profit margins.

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