Monday LME Bank holiday closed on Tuesday normal trading. LME copper closed at 6424 on Friday, up $ 290, or 4.72%, from China's 6134 close on Thursday. Disk, the US data, the weak dollar and the Chinese central bureau meeting is the direct reason for strong copper prices. Fed meeting did not give hints of interest rate hike, but the US economic data is mixed, the market is expected to hike time has been postponed from June to September, this Friday non-farm worthy of attention. China, April 30, the Central Bureau meeting mentioned, increase the intensity of directional control attaches great importance to deal with economic downward pressure, to maintain steady growth, promote reform, adjust the structure, which makes the market for China to further strengthen the policy is expected. Back to the copper market, China's inventory decline is still the focus of the market, China's consumption season is delayed and the international market to reduce the supply of copper to become the backbone of the rise. Latest news, Chile copper production in March of 47.4 million tons by 2.3% year on year, partly due to flooding in the north of the country led to production disruption. Chile's mining minister said in early April, floods and mudslides lead to about 30,000 tons of copper production.

From a technical point of view, copper has been on the break $ 6,300, LME and COMEX jiacang obvious, copper prices are still upside, LME target raised to $ 6,600, domestic copper prices will rise to 46,000 yuan on Monday opened near the future is still to 47500/48000 Yuan uplink possible. More than a single continue to hold.

Galaxy Futures Sales Department of Jinan, the teacher of gold 0531-68622172