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The U.
S.
economy continued to grow but not as expected, overnight London copper high fell back to close up $4 at the end of the day, high prices led to sluggish demand, there was no obvious stock downstream before the holiday, and copper fell
today.
The first quarter of the United States GDP growth of 6.
4% month-on-month, the best record since the third quarter of 2003, less than the market expectation of 6.
7%, overnight London copper high fell back to the end of the day to stabilize, intraday briefly broke through a decade of 10,000 US dollars, the latest closing quotation of 9861 US dollars / ton, up 4 US dollars, or 0.
05%, the volume of 19335 hands increased by 3098 lots, the position 322757 increased by 1724 lots
.
In terms of inventories, the London Metal Exchange (LME) reported 147325 tonnes of London copper on April 29, down 1,650 tonnes, or 1.
11%,
from the previous trading day.
