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the short-term copper price is expected to continue to oscillate slightly weaker.
2020-3-25

Stimulated by U.S. Congress or an economic stimulus bill soon to be reached, U.S. stocks surged across the board, with the DJIA soaring 2,100 points. LME copper also rebounded sharply with the financial market, reaching a peak of 4,929 U.S. dollars to close at 4,848 U.S. dollars. The domestic copper price also rebounded for two days in a row, but due to the recent sharp price increases, copper manufacturers have mostly waited and watched, fearing that the profit margin will depress and fall back. Judging from the recent situation, the global market under the epidemic situation continues to increase the number of measures to release favorable economic conditions, while the copper price has accumulated great downward space, and the downward space has narrowed under the cost and its financial attributes. However, due to the increasing epidemic situation in Europe and the United States and the impact on demand, the market will continue to be under pressure, and the short-term copper price is expected to continue to oscillate slightly weaker.

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