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London copper afternoon commentary: the dollar continued to rebound to put pressure, overnight London copper closed down 1.
1%; Copper prices are expected to fall today due to
the intensification of the epidemic, copper mine supply disruptions have increased, and short-term downstream consumption has been suppressed, copper inventories have increased.
The dollar continued to rebound and put pressure, as the optimistic US economic data and the spread of the Delta variant virus, overnight London copper volatility was weak, the latest closing quotation of 9366 US dollars / ton, closed down 104 US dollars, or 1.
10%, the volume of 14577 lots increased by 3027 lots, and the position 290542 decreased by 3852 lots
.
In the evening, Shanghai copper ran low, and the latest closing price of the main monthly 2109 contract was 69120 yuan / ton, down 580 yuan, or 0.
83%.
In terms of inventories, the London Metal Exchange (LME) reported 234925 tonnes of London copper on August 9, down 325 tonnes, or 0.
14%,
from the previous trading day.
