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    Home > Chemicals Industry > New Chemical Materials > August 23 London Copper noon review

    August 23 London Copper noon review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    London copper afternoon commentary: the dollar continued to rise close to a two-decade high, overnight London copper closed down 0.
    42%; Domestic supply is relatively tight in a short period of time and the premium remains high, and the supply pressure is weakened under the influence of power cuts, and copper is expected to rise
    today.

    London copper

    The dollar continued to rise near a two-decade high, as several Fed officials reiterated their stance of aggressive tightening of monetary policy, and the market feared that the US and European interest rate hikes to curb inflation would weaken the global economy, so the dollar was driven by risk aversion to a five-week high, the euro fell below the evaluation again, overnight London copper volatility weakened, the latest closing quotation of 8053 US dollars / ton, closed down 34 US dollars, or 0.
    42%, the volume of 13459 lots decreased 3392 lots, and the position 244494 increased by 1206 lots
    。 In the evening, Shanghai copper bottomed out, and the latest closing price of the main monthly 2209 contract was 63,000 yuan / ton, up 120 yuan, or 0.
    19%.

    The London Metal Exchange (LME) reported 122575 tonnes of London copper on August 20, down 1,250 tonnes, or 1.
    01%,
    from the previous session.

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