Domestic spot prices strengthenCrashbandicoot4gameSpot discount, the basis is weaker. Internationally, the data on the US labor market cooled, and the Federal Reserve kept interest rates unchanged in May, admitting that the recent progress of inflation was not going well. Powell said that it is unlikely to raise interest rates at the next meeting, and whether to cut interest rates depends on the data. The time to cut interest rates is longer than previously expected, and it may be appropriate to postpone the rate cut for now. Domestically, the National Development and Reform CommissionCrashbandicoot4gameWe will strengthen the policy pre-research reserve and promote the introduction in time according to the needs of the situation, completely abolish the restrictions on the access of foreign investment in the manufacturing sector, and adopt preferential policies such as finance and taxation to better meet consumers' demand for new energy vehicles. Fundamentals, the domestic copper concentrate port inventory fell slightly, copper concentrate quotations have been adjusted, the early mine-side rapid upward trend slightly cooled down. On the supply side, the overhaul of the smelter in April brought about a partial reduction in production, but due to the widening price gap between fine waste and copper, the performance-to-price ratio of scrap copper was revealed, resulting in only a slight decline in output. On the demand side, spot prices have been revised back, in the context of the trade-in policy to encourage consumption, terminal expectations are warmer, and the falling spot prices are also conducive to the pick-up sentiment downstream. Operation suggestion, light position concussion more trading, pay attention to control rhythm and trading risk.
Researcher: Cai Yuehui
Futures qualification number: F0251444
Futures investment consulting certificate number: 20013101
Assistant researcher: Li Qiurong
Futures qualification number: F03101823
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