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Overnight, London copper opened at $5,968/ton, with a high of $6,033/ton, a low of $5,951/ton, and closed at $5,989.
5/ton, up 0.
94%.
The FX market has stabilized recently, mainly as the severe depreciation of the Turkish lira has eased
.
Market sentiment stabilized, the dollar index fell moderately, London copper continued to rebound, it is expected that London copper will fluctuate in a range of 5970-6070 US dollars / ton
today.
On the news front, US President Trump complained about Fed Chairman Jerome Powell's interest rate hikes, saying that if the Fed continues to raise interest rates, he will criticize it, reiterating that the authorities should be more accommodative and that he should get some help
from the Fed.
EU: The UK and EU will negotiate
Brexit on Tuesday and Wednesday.
Overnight, Trump bombarded the strong dollar, the dollar fell sharply, and non-ferrous metals rose across the board
.
In terms of industry, the latest monthly report of the International Copper Group (ICSG) showed that the global refined copper market was short of 31,000 tons in May, 105,000 tons in April, and the global copper market was oversupplied by 21,000 tons in the first five months of this year, compared with a shortage of 66,000 tons
in the same period last year.
