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August 7 London Copper Afternoon Review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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The degree of improvement in market demand is doubtful, overnight London copper shock stabilized and closed flat, global manufacturing rose for three consecutive months, Chile's copper production this year is expected to decline, and copper is now rising
slightly today.

The agency said that demand outside China showed negative growth, the degree of improvement in market demand was doubtful, overnight London copper shock after the end of the day stabilized, the latest closing quotation of 6486 US dollars / ton, compared with the previous trading day settlement price unchanged, the volume of 11787 lots decreased by 8539 lots, the position volume 319284 lots decreased by 600 lots
.

With the gradual control of the epidemic in some countries and regions, the global manufacturing industry has risen for three consecutive months, with the global manufacturing PMI in July being 51.
3%, and Europe and the United States rebounding to more than 50%; Chile's National Copper Commission (Cochilco) said Chile's copper production this year is expected to be 5.
718 million tons, down 1.
2% from the previous year's level, and spot copper prices are expected to rise
slightly today.

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