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London copper afternoon commentary: the weakening of the US dollar is good for metals, and London copper closed up 0.
73% overnight; China's industrial metal imports have risen, domestic and foreign inventories have declined, and the outlook for domestic infrastructure acceleration metal demand is optimistic, and copper is expected to rise
today.
Market risk sentiment performance is high, the weakening of the dollar is good for metals, helping to support copper prices higher, overnight London copper shock sorting, the end of the day closed positive, the latest closing quotation of 7947 US dollars / ton, closed up 57 US dollars, or 0.
73%, the volume of 14370 lots decreased by 3778 lots, and the position 236714 increased by 959 lots
.
In the evening, Shanghai copper fluctuated upward, and the latest closing price of the main monthly 2209 contract was 61140 yuan / ton, up 570 yuan, or 0.
94%.
The London Metal Exchange (LME) reported its latest stock of London copper at 127,850 metric tons on August 6, down 750 metric tons, or 0.
58%,
from the previous trading day.