Orient: Copper: Affected by the continuous decline of the US dollar and the short covering, the LME copper in March showed a sharp upward trend in March. It ended at US$324.15/ton, up by US$57/ton from the previous trading day. The fluctuation range was 3246. ~3180 US dollars / ton, yesterday, LME copper stocks fell by 525 tons to 51.825 million tons, for the first time since the recent decline in the first consecutive increase, triggered a large number of short covering. From the current trend of external copper prices, the short-term copper price has risen to the drop of 0.5 position, there is resistance at the line of 3250 US dollars. Yesterday, the domestic Shanghai copper showed a sharp rise, the price trend was significantly stronger than the outer disk, all contracts are out of the average repression, while from the position analysis, China Food increased its net long position again yesterday, as the domestic copper price has played a role in fueling the rise . At the same time, although domestic stocks of copper arrived in Hong Kong, due to higher import costs, spot prices remained firm. Domestic spot prices rose sharply to 34,970-35,170 yuan per ton yesterday. The operation is still dominated by intra-day short-term trading, which is not overnight. Aluminium: Affected by the repression of moving averages and increase in inventories, LME's aluminum prices showed a slight pick-up in March. Yesterday's closing price closed at $1873.5/ton, up $8/ton from the previous day. The trend was far weaker than copper prices yesterday. LME aluminum Inventory rose by 5025 tons to 550,600 tons. Yesterday, the domestic Shanghai aluminum shocking trend, the transaction is relatively light, short-term will maintain a wide range of shock consolidation trend, yesterday's domestic spot price changes little 16750 ~ 16770 yuan / ton. Operation should be based on wait and see. Overseas Express: LME Market Report: London, April 19; The London Metal Exchange (LME) base metal futures prices rose sharply on Tuesday, with copper leading the rally. One trader said: “The copper dominates the trend, other metals The three-month copper rose over the 50-day moving average of $3,205 per ton, but fell after the US released weak data. Traders said that the short-term outlook for base metals may be affected by macro factors and the dollar. The impact of the three-month copper closed at 3,235 per ton, closing at 3,180 on Monday. Three-month aluminum closed up $8 to 1,870 per ton, but out of the earlier high of about 1,874, was dragged down by another sharp increase in inventories. One trader said. : "After the aluminum fell in the sell-off period, the trend was a bit sluggish. Nickel, lead, and zinc all rose under the fund buying and demand push." ​​Three-month nickel closed at 15,950 US dollars per ton, yesterday reported 15,350/15,355 The three-month zinc price rose 34 US dollars to 1,304 yuan per ton. Three-month lead rose 12 US dollars to 932 US dollars per ton. Three-month tin closed at 8,100 US dollars per ton, up 50 US dollars. COMEX copper market report : New York, April 19 News: New York Commodity Futures Copper (COMEX) copper posted good gains on Tuesday, partially regaining ground last week and returning to a one-week high; Funds entered the market after speculative buying triggered stop-loss orders. Traders pointed out that the dollar was weak and technical Buying has created a strong uptrend for copper futures. Indicators May's copper settlement price rose 2.65 cents to $1.4715 per pound, intraday volatility was seen in the 1.4430-1.4740 range. Spot April prices closed about 2.65 cents higher, to US$1.4885 per pound. Other month contracts rose by 0.80-2.80 cents. Estimated copper volume was estimated at 24,000 contracts, of which 3,841 were traded on renewals. Trading volume was 18,315 on Monday. After the dollar weakened, copper futures started to rise. US Tuesday The published inflation data and housing market data suggest that the Federal Reserve Board (FED) will not quicken the rate hike soon, and then the dollar will decline against the euro and the yen. Traders said that the rollover transaction is still in an orderly manner. With 5 The date of the month is approached by the date of the April 29 notification date. Some investors will extend the May period to July.
