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London copper afternoon commentary: the stock market is soft, metal under pressure, overnight London copper continued to fall 0.
58%; The data shows that the growth of global manufacturing has slowed down, and domestic social inventories have declined, but downstream demand has not improved, and copper is expected to fall
slightly today.
Stock markets weakened metals under pressure, geopolitical tensions intensified, superimposed on soaring inflation and tight financial conditions disrupted financial markets, overnight London copper shock retreated, the latest closing quotation of 7755 US dollars / ton, closed down 46 US dollars, down 0.
58%, the volume of 15951 lots increased 716 lots, the position of 233830 hands increased 1620 lots
.
In the evening, Shanghai copper opened high and closed downward, and the latest closing price of the main monthly 2209 contract was 60030 yuan / ton, down 20 yuan, or 0.
03%.
The London Metal Exchange (LME) reported 130975 tonnes of London copper on August 2, down 300 tonnes, or 0.
23%,
from the previous session.
