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August 1 London Copper Afternoon Review

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

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London copper afternoon commentary: the slowdown in US interest rate hikes boosted risk appetite, and London copper closed up 2.
4% the next week; Global copper mine supply is worrying, with Shanghai copper inventories hitting a new low in more than half a year, and copper prices are expected to rise
today, with stronger bottom support from copper prices.

London copper

The slowdown in the US interest rate hike boosted risk appetite, the macro environment warmed overall, copper prices were supported, and the next week London copper volatility climbed, the latest closing quotation of 7925 US dollars / ton, closed up 186 US dollars, or 2.
40%, the volume of 17724 lots increased by 1349 lots, and the position 235743 increased by 3353 lots
.
Shanghai copper opened higher on Friday night, and the latest closing price of the main monthly 2209 contract was 61190 yuan / ton, up 1520 yuan, or 2.
55%.

The London Metal Exchange (LME) reported 130575 metric tons of London copper on July 29, down 1,125 metric tons, or 0.
85%,
from the previous session.

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