1, the prices of LME copper and Shanghai copper are basically the same (global synchronization), but one is denominated in US dollars and the other in RMB, and the tonnage is basically different, so the price will be different after conversion. Only LME copper trading hours are from 8 am to 2 am, while domestic copper trading hours are only 4 hours during the day. In this case, especially at night, the external market is changing, and the domestic market cannot be changed. It often needs to be opened higher or lower to keep pace with the external market price the next morning. Therefore, the trend of LME copper at night has a great influence on the trend after the opening of the domestic market the next day.

2. If LME copper rises sharply, the number of cancelled warehouse receipts will continue to increase, which indicates that the inventory will continue to decrease, which will also support the copper price. Domestic Shanghai copper will rebound, and the rise of Luntong will drive the rebound of domestic copper prices. Domestic macro-control will restrain the sharp rise of copper price, and China's consumption will also have an impact on London's copper price.

Tips:

1. The above information is for reference only, and no suggestions are made.

2. There are risks in entering the market, so investment needs to be cautious.

Reply time: 202 1-07- 19. Please refer to the latest business changes announced by Ping An Bank in official website.

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