EU rescue package, "baked" stabilized commodities rebound.

<P> 10 am, EU finance ministers finally reached one of the largest in the history of the total 7,500 million euro rescue plan to prevent the spread of the Greek debt crisis. .Inspired by the assistance program, yesterday outside the disk of crude oil, copper and other commodities rebound group. .</ P> <P> by a strong rebound in copper prices boosted external drive yesterday, Shanghai copper contract rose 3.02% in 1008, led the domestic colored plate. .Yesterday, the latest data released by China Customs also showed that copper imports in April in line with market expectations, "China factor" still. .</ P> <P> assistance programs to stimulate the collective commodities rally </ P> <P> better by the latest U.S. payrolls data and the continuous demand for a technical rebound after the sharp decline in influence of LME base metals ended on Friday .or closed up slightly, while the Asian trading hours yesterday, a record by the European Union assistance program announced 750 billion euros, the sharp rebound in domestic and international commodity group. .</ P> <P> 10 am, the EU finance ministers finally reached a total of 7,500 billion euros of aid mechanism to help those in financial crisis and bail out the euro zone countries. .Among them, the euro-zone countries invested 440 billion euros, raising 60 billion euros the European Commission, International Monetary Fund to provide 250 billion euros. .According to this mechanism, such as the euro-zone countries further into a debt crisis, will be able to apply for financial support, the conditions attached to International Monetary Fund will be based on the provisions of the Greek similar. .</ P> <P> the industry, the emergency relief program funds on an unprecedented scale, even though the project funds and effective implementation can still uncertain, but it can be said to hit the market panic anxiety ."booster", temporary relief from the debt crisis spread to other euro-zone concerns. .</ P> <P> yesterday, the euro against the U.S. dollar rebounded sharply for a second day, return to the top of 1.30, after trading up more than 2%, while the dollar index plunging about 1%. .Opening electronic trading in Asia, London copper Tiaokonggaokai in 7020, copper prices continued a strong afternoon rally, as of press time Copper & rose nearly 4%, or more than 3% of zinc London, London rose nearly 3% of aluminum. .In addition, the U.S. crude oil has rebounded sharply, rising more than 4% intraday. .</ P> <P> mid-Fang Junfeng Shanghai rebound in commodities that may be based on three aspects, first of all, U.S. payrolls data on Friday, well, the market pessimism has eased; Second, the EU aid mechanism makes the market .Greek crisis concerns ease; third, technically oversold bounce. .</ P> <P> "China factor" of Shanghai copper led </ P> <P> by a strong rebound in copper prices boost the external disk, opened higher yesterday, taking Shanghai copper higher, led by non-ferrous metal plate. .Shanghai copper main contract 1008 to 56,020 yuan / ton Tiaokonggaokai, 56,000 within a narrow range around the morning, afternoon, once ascribed to 56,760 yuan, and finally closing at 56,680 yuan, 1,660 yuan more than the previous day settled up, or 3.02%. .</ P> <P> Yesterday, the latest data released by China Customs said in April China's copper imports of unwrought copper and 436,345 tons, 456,240 tons the previous month; April imports of 370,000 tons of scrap copper, 36 million the previous month .tons. .</ P> <P> Fang Junfeng, said: "April's imports in line with market expectations, which is lower than in March and higher than the February data. However, higher imports in April can not do without domestic copper .enterprises in the shopping season starts in the higher rate and in January part of the arbitrage imports to Hong Kong. "</ P> <P> 5 月 10 日, LME copper stocks continued to decline to 489,300 tons, 17,150 tons canceled warrants, .of the total stocks 3.51%, LME copper stocks continued to decline to some extent the market is optimistic. .In addition, subcontract workers for higher wages at the impact of demonstrations, one of the world's largest copper resources in Chile Collahuasi copper mine field Friday outages. .</ P> <P> future copper prices could rebound this? .Industry generally believe that the present conclusions premature. .Galaxy Futures car Red Cloud said that the recent sovereign debt risk and the risk of China dominate the bubble burst, the copper market is weaker trend will continue. .</ P> <P> and Fang Junfeng points out that "further observation of the late sovereign debt crisis in Europe and China's real estate market, the impact of restrictions on how much the late rely heavily on commodity market trends of these two factors .the progress. " .</ P>.