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December 15 London Copper Afternoon Review

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

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London copper afternoon commentary: the dollar rose to a one-week high, and London copper closed down $77 overnight; Copper is expected to fall slightly today
, with limited supply disturbances at overseas mines, copper inventories continuing to increase, and downstream consumption still in general, and concerns about slowing demand have heated up.

London copper

The dollar rose to a one-week high, mainly because the US inflation data exceeded expectations, which may push the US interest rate hike earlier, overnight London copper volatility weakened, the latest closing quotation of 9388 US dollars / ton, closed down 77 US dollars, down 0.
81%, the volume of 9261 lots increased by 411 lots, and the position 256566 decreased by 6419 lots
.
In the evening, the trend of Shanghai copper was volatile, and the latest closing price of the main monthly 2201 contract was 68550 yuan / ton, down 360 yuan, or 0.
52%.

The London Metal Exchange (LME) reported 87,375 metric tons of London copper on December 14, an increase of 2,925 metric tons, or 3.
46%,
from the previous trading day.

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