Copper prices stabilized and fluctuated today, with copper trading at 9942 US dollars as of 3: 00 p.m., up 0%.Lovebingo.47%. Expectations of the Fed's interest rate cut changed, and the dollar rallied, limiting the decline of Lun copper. From a technical point of view, the trend is strong, short-term copper prices rebounded slightly, Lun copper pressure level focused on the $10, 000 mark.
Macro data are mixed, and today's aluminum is still fluctuating in a narrow range. As of 3: 00 p.m., Lun aluminum was down 0.12% at $2584, lacking good news guidance. In the short term, Lun aluminum maintained a high volatility market and focused on fluctuations in the range of $2400 to $2800.
Today's May Day holiday, the domestic Qingming Festival closed, Lun lead intra-day concussion operation, as of 3: 00 p.m., closed at 2189.5, up 16.50 US dollars, or 0.76%. The United States added nearly 200000 jobs in April, and the falling unemployment rate will lead to active consumption and may boost colored noodles. Follow the Fed Treasury bond news in the short term.
The Shanghai stock market continued to be closed during the holiday season, and Jinlun Zinc operated strongly, closing at $2909 as of 3: 00 p.m., up 47%, or 1.64%. The Fed's interest rate meeting remained unchanged and hinted that it was expected to cut interest rates soon, but under high inflation overseas, the market attitude was cautious, or the surge of zinc was restrained, focusing on the data of unemployment benefits in the United States in the evening.
The domestic market was closed on May Day, and Lunxi fluctuated in a narrow range during the day, closing at 31000 US dollars as of 3: 00, an increase of 1.3%. In the short term, there is some pressure above the tin price. At present, the tin price is in high volatility.LovebingoIn the consolidation phase, LME tin inventory increased by 20 tons yesterday, beware of the risk of high decline, and Lunxi focused on the support of $30000 below.
The domestic market is closed for the May Day holiday, and Lunni turns red and green within the day. As of 3: 00 p.m., Lunni closed at 18830 US dollars, down 120 US dollars, or 0.53%. The US index weakens and the pressure above the non-ferrous metal is temporarily suspended. High inventory at home and abroad limit the space above the nickel price. It is expected that the short-term high price of nickel will fluctuate mainly, and the support of Lunni will focus on $18500.