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August 27 London Copper Afternoon Review

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

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London copper afternoon commentary: the dollar index rebounded and jumped, and London copper closed down $46 overnight; Chile's strike has limited impact, domestic copper mine processing fees have rebounded slightly, and traditional home appliances and automobiles have continued their downward trend, and copper prices are expected to fall
slightly today.

London copper

Stimulated by Fed officials' remarks on tapering bond purchases, the dollar index rebounded from a one-week low, and copper fluctuated weakly overnight, with the latest closing quotation of $9299 / ton, closing down $46, or 0.
49%, with a volume of 10,872 lots down 852 lots and a position of 274604 lots down 3,013 lots
.
In the evening, Shanghai copper fluctuated at a high and low level, and the latest closing price of the main monthly 2110 contract was 68840 yuan / ton, down 260 yuan, or 0.
38%.

The London Metal Exchange (LME) reported its latest stock of London copper at 254,300 metric tons on August 26, unchanged
from the previous session.

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