Copper prices have started to rebound this week.Yesterday,they collected a small positive line with up and down shadows.After opening today,bulls were complacent and showed a slight advantage.Currently,they are consolidating above MA5 and MA10,and the red kinetic energy column of MACD below is showing an increasing trend.The DIFF up and down intersects with the DEA indicator in a golden cross.It is expected that copper prices will fluctuate and rise today.It is recommended to pay attention to the range of 4750-5000 US dollars per ton.At 11:00 Beijing time,a new quotation of 4891.5 US dollars per ton,up 10 US dollars.

　　We know that about half of domestic copper consumption comes from wires and cables.Recently,the International Copper Association released its 2018 copper industry outlook,proposing five major trends to promote industry development.Electrification is the third major trend among them.

　　According to the 2017 World Energy Outlook published by the International Energy Agency,the rise of electrification means that electricity will enter fields such as automobiles,heating,and refrigeration systems that were previously limited to fuel energy supply.The increase in people's income has enabled millions of households to use various electrical appliances and refrigeration equipment,which will inevitably drive the growth of electricity demand worldwide.In addition,in sub Saharan Africa,the rate of electrification development exceeded the rate of population growth in 2014.Power generation,distribution,and transmission require a large amount of copper material.Copper is an excellent conductive material that still performs well at high temperatures,which helps electrical systems integrate into large power grids.