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    Home > Chemicals Industry > New Chemical Materials > February 26 London Morning Review

    February 26 London Morning Review

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    On Friday, London copper reduced its position to the downside, low to 7083.
    5 US dollars / ton, closed at 7110 US dollars / ton, down 60.
    5 US dollars / ton, the transaction decreased 6229 to 12213, and the position decreased by 919 to 318,000 lots
    .

    London copper

    In terms of the market, as of February 23, the spot price of London copper was $7,074/ton, a discount of $32.
    75/ton over the March contract; The actual ratio of Shanghai copper spot to London copper spot was 7.
    47 (import ratio was 7.
    51), and the import loss was 314 yuan / ton; The actual ratio of Shanghai copper 3 contract to London copper March contract was 7.
    56 (import ratio was 7.
    51), and the import profit was 373 yuan / ton
    .

    Due to the re-strengthening of the US dollar index on Friday, a large amount of inventory accumulation and suppression, bulls continued to take profits, London copper re-closed down to consolidation-based, but the shortage of scrap copper supply still supports copper prices to stand firm at $7100, in the long run, the tight supply of copper mines in the future market supports copper prices well, and it is expected that London copper will remain high today, and copper prices will not change much
    in the short term.

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