rouletterealmoney| BHP Billiton's acquisition of Anglo American Resources warms up copper market: Shanghai copper CU2406 breaks through a new high of 79810

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BHP Billiton makes a takeover offer for Anglo American, and copper prices soarRouletterealmoneyAverage turnover in aluminum and zinc marketRouletterealmoneyThe futures price of iron ore rose too fast and the spot failed to keep up. Option strategy suggests copper, aluminum, zinc to build a bullish or wide-span combination strategy, gold and iron ore to build a wide-span combination strategy.

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BHP Billiton's offer for Anglo American promotes the rise of copper prices at a time when capital markets are surging, BHP's offer for Anglo American has undoubtedly become a hot spot in the market. The move not only inspired optimistic expectations for copper prices, but also pushed copper prices to their highest level since 2007. The cash-out logic of domestic holders and the recovery of consumption near the lower reaches of May Day have further provided support for the rise in copper prices. The aluminum market shows regional differentiation. China's aluminum market shows obvious regional differentiation. The market in East China rebounded quickly, but the transaction was mediocre; the South China market received goods on demand, and the transaction strength was mediocre; the Central Plains market was cautious in trading, and there was no breakthrough in the transaction situation. Zinc market demand rebounded, Shengshui strengthened zinc trading in the Shanghai market, traders reduced shipments, while market demand for receiving goods increased, making Shengshui maintain a strong trend. In the Tianjin market, downstream reserve demand contributed to a slight improvement in turnover. The reduction of inventory in the Guangdong market has also brought about a better trading atmosphere. The iron ore market is facing short-term adjustment pressure the rapid rise of the iron ore market has brought short-term adjustment pressure to the market. Spot prices failed to keep up with the rising futures prices in time, while the continuous accumulation of port inventory also brought pressure on the market. However, if hot metal and finished products are required to show a strong trend for several weeks in the future, it is expected to rekindle market confidence, further stimulate speculation and rigid demand, and drive prices to continue to rise. Copper options market continues to rise in the copper options market, Shanghai Copper (CU2406) continues to show a bullish upward trend, breaking through the high since 2007. The overall market situation presents a substantial shock in the direction of the bullish trend. The continued rise in implied volatility of options and the decline in PCR positions show the market's bullish expectations for copper options. Aluminum options market to form a medium-term trend upward in the aluminum options market, Shanghai Aluminum (AL2406) after a month and a half of shock upward, successfully broke through the high since June 2023. Although the market has fluctuated sharply in the high range in the past two weeks, the overall market situation shows a medium-term trend upward and short-term consolidation. The stability of implied volatility of options and the low PCR of positions reflect the expectation of neutral volatility in the market. Zinc options market high volatility Shanghai Zinc (ZN2406) nearly a month in a row to jump high and open sharply, breaking through the new high of nearly a year. Although a wide shock was formed after rushing high and falling two weeks ago, the market market as a whole showed a high and large concussion with an upward trend. The wide volatility of implied volatility of options and the small fluctuation of PCR position show that the market expects more volatility of zinc options. Gold options market shows a bullish trend short-term weak short gold (AU2406) since March to close the Dayang line, the bulls upward trend is obvious, and again broke through the all-time high in April. However, after jumping short and opening low last week, it slowly rebounded to the lower limit of the previous shock range, and the overall market showed a short-term weak and short-term pattern in the direction of bullish trend. The rise in implied volatility of options and the decline of PCR positions show that the market is overly expecting gold options. Iron ore options market gradually pick up iron ore (I2406) after two months of short fall, the market short pressure gradually released, showing an overfall since April rebounded upward trend. Although the market has declined after a small interval consolidation in the past two weeks, the overall market situation shows an upward and short-term downward trend under pressure above. The high level of implied volatility of options and the rise of PCR positions reflect the gradual recovery and rising expectations of the market for iron ore options.

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