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London copper afternoon comment: the Fed tapering bond purchase expectations rose, the next week London copper closed down $53 under pressure; Peruvian copper mines in South America will close production, domestic destocking, spot high premium limit pullback, copper is expected to rise
slightly today.
As inflation in the United States continued to rise, the IMF urged the Federal Reserve to tighten monetary policy, the Fed's December tapering bond purchase expectations rose, risk asset prices came under pressure, the next week London copper fluctuated downward, the latest closing quotation of 9417 US dollars / ton, closed down 53 US dollars, or 0.
55%, the volume of 10636 hands decreased by 3960 lots, and the position 257145 increased by 2032 lots
.
On Friday night, the trend of Shanghai copper was volatile, and the end of the day closed negative, and the latest closing price of the main month 2201 contract was 69200 yuan / ton, down 30 yuan, or 0.
04%.
The London Metal Exchange (LME) reported its latest stock of London copper at 78,350 metric tons on December 3, an increase of 125 metric tons, or 0.
16%,
from the previous trading day.