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    Home > Chemicals Industry > New Chemical Materials > December 5 London Afternoon Review

    December 5 London Afternoon Review

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    Last night's European session, the center of gravity of London copper moved slightly lower than in the afternoon, narrowly fluctuating around 6270 US dollars / ton, under pressure on the daily moving average, entering the US market, copper prices at the beginning of the session tested higher than 6286 US dollars / ton, and then because the US index strengthened sharply, from the 96.
    35 position to around 97.
    12, bears took the opportunity to enter the market, copper prices fell all the way, bottomed out at 6153 US dollars / ton, closed at 6168.
    5 US dollars / ton, down 1.
    3%, giving up all the gains in the previous days due to the G20 Sino-US trade benefit

    London copper

    In terms of inventories, the London Metal Exchange (LME) reported 1046275 metric tons of London aluminum on December 04, down 1,750 metric tons, or 0.
    17%,
    from the previous trading day.

    Yesterday due to the G20 favorable stimulation cooling, U.
    S.
    stocks plummeted, U.
    S.
    index rebounded strongly, copper prices fell from a high level, due to the recent "inversion" of U.
    S.
    bonds, the U.
    S.
    economy showed signs of slowdown, and the European market was turbulent, investor uncertainty increased, expected to be a safe haven currency dollar is good, copper prices are under pressure, today focus on China's November Caixin service industry PMI expected to be 50.
    8 unchanged from the previous value, it is expected that today's copper prices maintain a low volatility pattern, London copper solid column by multiple recent moving averages entangled
    .

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