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April 2 London Copper Afternoon Review

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Copper stocks rose today amid concerns that China's economic growth could slow, dragged down by the overnight London copper shock that led to a decline in global copper smelting activity and a shortage of concentrates, smelters facing difficulties in production
.

London copper

China's March Caixin manufacturing sector, although still in the expansion range, fell to the lowest since May 2020, fears of a possible slowdown in economic growth dragged down the market, overnight London copper ran weakly, the latest closing quotation of 8805 US dollars / ton, down 5 US dollars, down 0.
05%, the volume of 12964 lots decreased 19394 lots, the position 303533 lots decreased 6609 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 143775 tonnes of London copper on April 1, down 725 tonnes, or 0.
50%,
from the previous session.

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