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December 14 London Copper Afternoon Review

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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London copper afternoon commentary: waiting for the results of the Fed meeting, London copper consolidated overnight to close up $11; Domestic smelters are gradually resuming production, superimposed on the influx of imports, copper stocks have increased, while there is no bright spot on the demand side, and copper is expected to fall
today.

London copper

Waiting for the results of the Fed meeting, and whether potential interest rate hike expectations will heat up, London copper traded sideways overnight, the latest closing quotation of 9465 US dollars / ton, closed up 11 US dollars, or 0.
12%, the volume of 8850 lots increased 83 lots, and the position 262985 decreased by 1185 lots
.
In the evening, Shanghai copper opened low and went low, and the latest closing price of the main monthly 2201 contract was 68960 yuan / ton, down 460 yuan, or 0.
66%.

The London Metal Exchange (LME) reported its latest stock of London copper at 84,450 metric tons on December 13, an increase of 2,675 metric tons, or 3.
27%,
from the previous trading day.

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