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Bronze: Affected by the strengthening of the US dollar, the oil price plummeted
Apr 03, 2018

Bronze: Affected by the strengthening of the US dollar, the oil price plummeted, and the profit-taking knot multiple pressures, Lonbron suffered a three-game losing streak, falling below $4,900 in the morning and Shanghai copper breaking under the pressure of $38,000. The industry is concerned that the short-term copper price still has room to fall. After all, the continuous rise in copper prices in early July has recorded impressive gains. It is normal to make profits on the eve of the Fed’s interest rate cuts. Today's spot copper prices have fallen under pressure, and the market has improved slightly in recent days. Recently, the gap between electrolytic copper and recycled copper has returned to a reasonable level, and some copper manufacturers and recyclers have been actively scrutinizing purchases, and the market transaction atmosphere has been positive. The low oxygen rod mill also reflected an improvement in orders in the recent days. Therefore, it was more positive in terms of purchases than before, but unfortunately, the market went downhill again.

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