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February 25 London Copper Afternoon Review

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

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8 strong bases

number 2 copper

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The recovery of major economies led to demand growth, London copper closed up nearly 2.
7% overnight to hit a nine-and-a-half-year high, refined copper may see a record gap, supply prospects remain pessimistic, copper is now up
today.

London copper

The recovery of major economies led to demand growth, overnight London copper continued to be strong, hitting a new nine-and-a-half-year high, the latest closing quotation of 9498 US dollars / ton, up 248 US dollars, or 2.
68%, the volume of 30018 lots increased by 2527 lots, and the position 345379 increased by 3211 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 79,700 tonnes of London copper on February 24, an increase of 6,250 tonnes, or 8.
51%,
from the previous trading day.

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