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February 2 London Copper Afternoon Review

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

Tags

industrial metal prices

1 copper

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The rise in stock markets and oil prices drove commodities, and the overnight London copper shock closed up $9, copper inventories near the Spring Festival are expected to accumulate, downstream stockpiles end market consumption is weak, copper is falling
today.

London copper

The stock market and higher oil prices drove the commodity market, overnight London copper volatility is strong, the latest closing quotation of 7823 US dollars / ton, up 9 US dollars, or 0.
12%, the volume of 13740 lots decreased 9734 lots, the position 318654 lot decreased 3706 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 74,275 tonnes of London copper on February 1, down 300 tonnes, or 0.
40%,
from the previous trading day.

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