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August 19 London Copper Afternoon Review

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

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copper state metals

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London copper afternoon commentary: international oil prices continued to fall dragged down nonferrous metals, overnight London copper continued to decline to close down $168; Refinery maintenance is basically over, refining and processing fees have rebounded, and the supply in the future market will gradually be more abundant, and copper prices are expected to fall
today.

London copper

Due to the market's concern about the resurgence of the epidemic and the future economic development, the continued decline in international oil prices dragged down nonferrous metals, and overnight copper was weak and volatile, the latest closing quotation of 9055 US dollars / ton, closed down 168 US dollars, or 1.
83%, the trading volume of 27512 lots increased by 2517 lots, and the position 276262 decreased by 6177 lots
.
In the evening, Shanghai copper ran weakly, and the latest closing price of the main monthly 2109 contract was 67510 yuan / ton, down 1400 yuan, or 2.
03%.

The London Metal Exchange (LME) reported its latest stocks of London copper on August 18 at 245125 metric tons, an increase of 8,800 metric tons, or 3.
72%,
from the previous trading day.

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