He Haihai: In light trading on Monday, Lun Copper retreated some of its gains on Friday. In late March, the LME Copper March closed at 2831, down nearly 60 points from the previous trading day. The total contract turnover for each month was 50,370 contracts. Shanghai copper continued to maintain its better momentum today. However, the overall market has shrunk. Fundamentally, the US Institute for Supply Management (ISM) announced on Monday that the October manufacturing index unexpectedly fell to 56.8. The previous market estimate was 59.0. At the same time, U.S. spending in the construction industry in September was flat at an annual rate of 1.014 trillion U.S. dollars, after the market was expected to grow by 0.5%. We see that the above two data are inferior to market expectations, but in terms of the value of the data itself, although the growth rate is not satisfactory, it indicates that the economy is still growing. With this fundamental support, the Dow Jones Industrial Average was the fifth consecutive day low from this year's low, and the late-day market was up 26.92 points or 0.27% to 10,054.39. We believe that before a fundamental shift in the global economic landscape, it is unlikely that the market will experience a sharp unilateral decline. For the copper market, lack of stimulation of the relevant market, even if there is support of fundamental factors in the price, but it can only obtain the conditions of high oscillation, it is difficult to further increase.
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