Copper market holiday one after another, non-agricultural or a delay bomb
On Thursday, London copper fell quickly after the Asian session, hitting a low of 5968.5 in the evening and closing at 5985, down $50/0.83%. Shanghai copper 1506 closed at 43340 yuan in the evening session. Due to the successive Easter holidays in Europe and the United States and the Qingming holidays in China, this week's final US non-agricultural data has become a "delayed bomb". Shanghai copper fluctuated and waited for guidance during the week. The support of 43,000 below Shanghai copper is facing a test. For single wet storage, refer to the stop loss 42800 line.
Zhang Mei, a researcher at the Information Center of the Ministry of Land and Resources, said at the "7th China Nonferrous Metals Industry Chain Development Forum" held in Beijing from April 15th to 20th that the reserves of copper resources identified in my country will continue to increase significantly in the next five years.