Shanghai Copper’s contracts continued to rise in the outer disk this week and set a new record high. And the resumption began to start a new upward trend with a steady upward trend in the slow cow. At the same time, the Shanghai aluminum contract, which had been tepid before this week, began to show signs of heavy volume gains as the outer disk broke the $2,000 mark. However, it remains to be further verified whether Shanghai Aluminum, which has always been concerned about the lack of speculative funds, will become a new active species. Since the increase in Shanghai aluminum this week was mainly from the price rise in the Guangdong spot market, it may be difficult for the price increase to change the old difficulties of speculative funds reluctant to intervene. For the moment, the fund’s huge over-undershoring of the fund under what circumstances is still a time bomb that hangs over the longs, and if the US dollar continues to be weak, the fund will undoubtedly continue to push the price high, currently commodity futures. Most of the varieties have become battlefields where a large number of funds have been built. If domestic prices continue to surge under the influence of the futures market, they will face the risk of state regulation and investors should pay close attention. This week, from a message point of view, the Chilean Higher Court stated on Wednesday that the decision to postpone the legality of the controversial royalties was passed until the end of April. At the request of the legislator, an important public hearing was postponed. The court originally planned to make a decision on March 15. Legislators said that companies that develop limited barren Andean regions should make more returns. A spokesperson for the higher court said, “We will make a decision within 30 working days. We will hold a deferred hearing on Monday. The resolution may be made at the end of April, but it may also be quick.†The court later opposed The hearing for the use of the mining area will be held on April 14. Peru Peru’s larger copper producer, Southern Peru Copper, and zinc producer Volcan Compania, are more affected by the royalties because they do not have stable contracts locked in tax rates. In terms of aluminum, according to sources, the National Development and Reform Commission recently issued a document requesting investigation of illegal alumina projects and controlling the approval of new projects. This is the first time that the NDRC has issued a document to control the blind development of the alumina project. A person from the National Development and Reform Commission said in an interview with the media on the 9th that the National Development and Reform Commission did issue a document requesting the regulation of the alumina project and identified some irregular alumina projects, but he did not disclose the name of the specific project that was found. Did not disclose the way of disposal. It is reported that the document stipulates that any alumina project cannot be started without the approval of the relevant ministries and commissions; any bank cannot lend to unapproved alumina projects; customs cannot reduce or deduct taxes, including tariffs, VAT, such as alumina The equipment needed for the project is imported; the land management department cannot issue a land permit to the unapproved alumina project. These contents were confirmed by this person from the National Development and Reform Commission. From a technical point of view, this week's copper price started to rush out of the previous consolidation and there is continued momentum. At present, the price of copper still maintains a certain rate of increase, and the market outlook will continue to hit new highs.
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