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    Home > Chemicals Industry > New Chemical Materials > April 14 London Copper Afternoon Review

    April 14 London Copper Afternoon Review

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Yesterday, the London Metal Exchange (LME) continued to close, and London copper opened sharply higher this morning, at 9:00 Beijing time at 5157 US dollars / ton, up 125 US dollars, or 2.
    48%.

    London copper

    Lockdown measures in copper producing countries such as Peru cut supply or interrupt logistics, domestic copper inventories continued to decline, and signs of demand recovery supported prices, and there was no obvious negative in the macro area, and copper is expected to continue to rise
    today.

    MMG revokes 2020 guidelines for the production of Las Bambas copper mine in Peru, which will continue to operate at low load, although the transportation of copper concentrate has been suspended, while BHP Billiton and Glencore Holdings Peru's Antamina copper mine suspended production for two weeks
    due to the pandemic.
    Peru and other copper-producing countries lockdown measures to reduce supply or interrupt logistics, domestic copper inventories fell for four consecutive weeks, demand recovery signs support prices, the current macro surface has no obvious bearishness, it is expected that spot copper prices will continue to rise
    today.

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