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London copper afternoon commentary: the dollar index strengthened, overnight London copper closed down 0.
8%; Russia-Ukraine relations have triggered market risk aversion, the slow pace of downstream resumption of work after the domestic holiday and the downstream replenishment demand is still not good, and copper is expected to fall
today.
Inflationary pressure caused the Fed to raise interest rates more aggressively, but also helped the dollar index strengthen, overnight London copper rushed back down, the latest closing quotation of 9875 US dollars / ton, closed down 80 US dollars, down 0.
80%, the volume of 7351 lots decreased 3481 lots, the position 254792 increased by 58 lots
.
In the evening, Shanghai copper fluctuated weakly, and the latest closing price of the main monthly 2204 contract was 71120 yuan / ton, down 420 yuan, or 0.
59%.
The London Metal Exchange (LME) reported its latest stock of London copper at 74,375 metric tons on February 21, an increase of 300 metric tons, or 0.
40%,
from the previous trading day.
