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August 31 London Copper Afternoon Review

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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London copper afternoon commentary: the US dollar was strongly suppressed, and London copper fell more than 3% overnight to hit a two-week low; Market sentiment was once again suppressed by the bearish atmosphere, while the pressure on domestic Tongling Nonferrous Metals to resume production and supply gradually increased, and copper is expected to continue to fall
.

London copper

The US dollar was strongly suppressed, inhibiting copper prices to rise, overnight London copper weak operation, the latest closing quotation of 7855 US dollars / ton, closed down 274 US dollars, down 3.
38% to a two-week low, the volume of 21291 hands increased by 3515 lots, the position 245214 lots decreased by 692 lots
.
In the evening, Shanghai copper continued to be weak, and the latest closing price of the main monthly 2210 contract was 61770 yuan / ton, down 600 yuan, or 0.
96%.

The London Metal Exchange (LME) reported its latest stock of London copper at 121,000 metric tons on August 27, an increase of 475 metric tons, or 0.
39%,
from the previous trading day.

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