Loose monetary policy is coming, and it is expected that the Shanghai copper shock will run strongly!

Gold Ten Futures July 5th news, 2024, it is expected that the world's major developed countries will usher in loose monetary policy, the overall macro environment is loose. And geopolitical, "black swan" events frequent, the overall copper price in the second half of the year is still resilient. But it is worth noting that the focus of the market in the first half of the year is focused on the Federal Reserve's interest rate cut time and frequency, and did not trade the US economy may face the problem of recession. Superimposed on the domestic explicit inventory is high, the shortage of copper concentrate does not seem to affect the downstream, and the basic support for copper prices may be weaker than expected. Therefore, copper prices are expected to show a volatile trend in the second half of the year, with the main contract price running between about 75,000-85,000 yuan/ton.