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August 17 London Copper noon review

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

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London copper afternoon commentary: the spread of the epidemic suppressed market risk appetite, and London copper closed down $81 overnight; The two mines in South America have basically reached a labor agreement, but weak domestic economic data has caused demand concerns, and copper prices are expected to fall
slightly today.

London copper

The spread of the epidemic suppressed the market's risk appetite, overnight London copper shock consolidation, the latest closing quotation of 9439 US dollars / ton, closed down 81 US dollars, down 0.
85%, the volume of 13755 hands increased by 2811 lots, the position volume 284309 decreased by 5414 lots
.
In the evening, Shanghai copper ran low, and the latest closing price of the main monthly 2109 contract was 69690 yuan / ton, down 560 yuan, or 0.
80%.

The London Metal Exchange (LME) reported its latest stock of London copper at 235,550 metric tons on August 16, down 100 metric tons, or 0.
04%,
from the previous trading day.

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