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Overnight, London copper opened at $6,835 / ton, falling slightly at the beginning of the session, testing lower than $6,782.
5 / ton
.
After a volatile upward trend, it ran above the daily moving average, and slowed
down after entering the range of $6845/ton to $6860/ton.
After a little tidying, Lun copper rushed back down, touching a height of 6936 US dollars / ton, falling to 6880 US dollars / ton line
.
It closed at $6883.
5/ton, up $50/ton
.
The trading volume increased by 2,067 lots to 15,000 lots, and the position increased by 1,791 lots to 322,000 lots
.
Overnight, the US president tweeted that "Russia and China let the currency depreciate when the Federal Reserve raised interest rates", resulting in a sharp fall in the US dollar in the evening, non-ferrous metals have rebounded, copper prices once rose above 51,000 yuan and then fell, black fell sharply in the evening, pay attention to whether there is a risk of deterioration in the trend of industrial products, short-term copper prices are still repeated
.
The US dollar index continued to weaken, London copper overnight trading slightly stop falling rebound, still not chasing up close to $6900, in the long run, the shortage of scrap copper supply to copper prices to support better, expected copper prices overall decline is limited, downstream expected consumption gradually recover, is expected to continue to rise today.
