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April 23 London Morning Review

 Last Update: 2022-12-09
 Source: Internet
 Author: User

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Overnight, London copper opened at $6967.
5 / ton, and ran along the 6960 US dollars / ton at the beginning of the session, as high as 6992 US dollars / ton, as low as 6920 US dollars / ton
.
After entering the European time, the center of gravity moved up, touching a height of 7007.
5 US dollars / ton, and then sorted out in the range of 6960 US dollars / ton - 6700 US dollars / ton, during the period to 6950.
5 US dollars / ton
.
The late-day amplitude narrowed upward, closing at $6982.
5/ton, up $20.
5/ton
.
The trading volume decreased by 12,954 lots to 14,799 lots, and the position decreased by 1,283 lots to 311,000 lots
.

London copper

In terms of news, the focus this week is on the ECB policy meeting, which is more likely to delay the timing of the first rate hike
.
The Trump administration's willingness to negotiate with China under the WTO dispute settlement mechanism on tariffs, geopolitical tensions in Syria and the Korean Peninsula have gradually cooled, and market risk sentiment has improved
significantly.

Trade frictions show optimistic signals, supporting the recovery of confidence in the metal market, London copper closed slightly higher overnight, still not standing on the $7,000 mark, but Friday's huge decline is difficult to recover for the time being, in the long run, the shortage of scrap copper supply provides some support for copper prices, downstream expected consumption gradually recovers, the decline is expected to continue to narrow, it is expected that today London copper will start a slight rebound trend
.

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