Panic mood pervaded Shanghai copper all line down limit! Spot copper discount slightly narrowed downstream on low replenishment step by step

SMM believes that all Shanghai copper contracts are down across the line, and the bottom is difficult to appear. At present, the epidemic in Europe and the United States is still at its peak, and there is a trend of continuing to spread to many countries, the consequences of the UK's "herd immunity" strategy are still difficult to estimate, and the short-term improvement trend of the global epidemic is not large, and the risk of copper prices continuing to fall is vigilant. At present, the main force of Shanghai copper continues to jump down, Shanghai copper fell more than 6% during the day, the technical level has been difficult to find support points, it is expected that the market panic has not dissipated, Shanghai copper is difficult to hold 39,000 yuan/ton mark.

Source: Shanghai Colored Net