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April 6 London Copper Afternoon Review

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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London copper afternoon commentary: oil prices remained high, overnight London copper slightly rose 0.
07%; Chile's copper mine production fell in February and the outbreak of a multi-place transportation strike in Peru, coupled with domestic epidemic prevention and control supply restrictions, copper may rise
today.

London copper

Oil prices remain high, coupled with Russia may suffer more sanctions, causing supply concerns, providing higher momentum for oil prices, overnight London copper shock consolidation, late closing positive, the latest closing quotation of 10432 US dollars / ton, slightly up 7 US dollars, or 0.
07%, the volume of 11963 lots increased 4042 lots, the position 258123 increased 649 lots
.
April 5 (Tuesday) is the Qingming Festival holiday, the market has no market price, today returned to normal, Shanghai copper main 2205 contract gap high, Beijing time 9:01 latest quotation 73600 yuan / ton, up 230 yuan, up 0.
31%.

The London Metal Exchange (LME) reported 95,975 metric tons of London copper on April 5, an increase of 1,175 metric tons, or 1.
24%,
from the previous trading day.

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