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April 27 London Copper Afternoon Review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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London copper afternoon commentary: the dollar continued to strengthen and U.
S.
stocks fell heavily, London copper closed down 0.
37% overnight; The domestic epidemic situation is still severe, but the market is hoping for more economic measures to boost demand, and copper is expected to rise
slightly today.

London copper

The continued strength of the US dollar, hitting a two-year high and the Federal Reserve's aggressive fight against inflation and frequent hawkish remarks, caused U.
S.
stocks to tumble, overnight copper highs retreated, the latest closing quotation of 9800 US dollars / ton, closed down 37 US dollars, or 0.
37%, the trading volume of 14599 lots decreased 7113 lots, and the position 261051 lots decreased by 165 lots
.
In the evening, the Shanghai copper fluctuated trend, and the latest closing price of the main monthly 2206 contract was 73190 yuan / ton, up 90 yuan, or 0.
12%.

The London Metal Exchange (LME) reported 135175 metric tons of London copper on April 26, down 2,100 metric tons, or 1.
53%,
from the previous trading day.

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