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December 16 London Copper noon review

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

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London copper afternoon commentary: US inflation continued to soar, and London copper closed down $131 overnight; Domestic economic data in November was less than expected, which weighed on copper prices, and the spread of the epidemic to demand continued to weaken, and copper is expected to fall
today.

London copper

U.
S.
inflation continued to soar, overnight London copper ran low, the latest closing quotation of 9257 US dollars / ton, closed down 131 US dollars, down 1.
40%, the volume of 22111 lots increased by 12850 lots, the position 249421 decreased by 7145 lots
.
In the evening, Shanghai copper was weak and volatile, and the latest closing price of the main monthly 2201 contract was 67640 yuan / ton, down 1020 yuan, or 1.
49%.

The London Metal Exchange (LME) reported 88,650 metric tons of London copper on December 15, an increase of 1,275 metric tons, or 1.
46%,
from the previous trading day.

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