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August 13 London Copper Afternoon Review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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London copper afternoon commentary: dragged down by epidemic concerns, London copper closed down $69 overnight; Despite the risk of strikes, Chilean copper production continues, and domestic imports of copper decline, but downstream consumption is average, and copper prices are expected to fall
slightly today.

London copper

Dragged down by epidemic concerns, London copper fluctuated lower overnight, the latest closing quotation of 9466 US dollars / ton, closed down 69 US dollars, down 0.
73%, the volume of 22709 lots increased by 12815 lots, and the position 285869 increased by 1650 lots
.
In the evening, Shanghai copper ran low, and the latest closing price of the main monthly 2109 contract was 69710 yuan / ton, down 540 yuan, or 0.
77%.

In terms of inventories, the London Metal Exchange (LME) reported 235775 metric tons of London copper on August 12, down 150 metric tons, or 0.
06%,
from the previous trading day.

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