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February 10 London Copper afternoon review

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Supported by the prospect of an additional stimulus package in the United States, London copper closed up $83 to a one-month high overnight, there may be a phased shortage of supply, the recent accumulation is low, and copper is rising
today.

London copper

The expectation of a new round of stimulus policies in the United States is strengthened, supported by the prospect of additional stimulus plans, and copper continued to be strong overnight, rising to a one-month high, with the latest closing quotation of 8157 US dollars / ton, up 83 US dollars, or 1.
03%, the volume of 18662 lots increased by 2359 lots, and the position 331284 increased by 1517 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 76,050 tonnes of London copper on February 9, an increase of 1,475 tonnes, or 1.
98%,
from the previous trading day.

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