[Fundamental analysis]:

The government is growing in various ways, but at the current high cost of borrowing, money has become the biggest problem. Fundamentals, this week the domestic spot market is better than last week, the spot to 20-60 yuan premium, low speculative buying, consumer business is still used now is to buy.

The fundamental difference between the current fundamentals of supply, the international mining chiefs have said this year's supply shortage, Macquarie said the shortage of 130,000 tons throughout the year, but mainly in the first quarter, three or four quarters for the balance. We see the problem of mining mainly reflected in the 3,4 month, so that the worst supply of time has passed.

【Trading Strategy】:

Shanghai copper 45430 empty single hold, stop loss cost price.

Shanghai copper 1507 contract from the current point of view, since the week line level 60-day moving average position near the strong suppression of 46000, weekly twilight star, short all the way to dominate last week has continued downward trend, repair before the gap, Of the 44250 low, weekly income closed, the current disk late Friday to reach the target point near 45440, continue to dive, a new low, the current short-term ladder down state, in summary, the operation is still rallies short, strictly only damage.

Shanghai copper to reach 45,450 and 45,600 near the bold short, strict stop loss.

Firm analyst Jingdong exchange telephone: 15689695991