 Home > Chemicals Industry > New Chemical Materials > August and July London Copper Afternoon Review

August and July London Copper Afternoon Review

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

Tags

week news magazine

suppress

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

On Friday, London copper rushed back down, guided by the news of the trade war many times during the session, the high was around $6230 / ton, and then fell back to around $6150 / ton, closing at $6176 / ton, the transaction minus 1043 to 17868, and the position increased by 3600 to 312,000 lots
.

London copper

In terms of news, the released China's economic data for the second quarter can be said to have performed poorly, especially the growth rate of urban fixed asset investment from January to June hit a record low, putting great pressure
on the market to bullish nonferrous demand.
US GDP growth was strong in the second quarter, but the newly released ADP data fell short of expectations, but the market remains confident
about the future growth of the United States.

On the whole, copper prices closed slightly lower last week, macro-level factors continued to suppress prices, and spot support weakened
as the pace of refined copper inventories slowed.
In addition, there is uncertainty about the Chilean copper strike, and current prices reflect low
market expectations of a strike.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.