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February 3 London Copper afternoon review

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

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copper precious metal

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The euro area economy contracted and will remain sluggish, overnight London copper closed down $71 under pressure, the current market demand is seasonally sluggish, downstream processing companies into vacation mode, copper fell
today.

London copper

Eurozone GDP contracted by 6.
8% in 2020, and fell into negative growth in the fourth quarter, Capital Economics said that it will remain sluggish for a period of time, overnight London copper weak operation, the latest closing quotation of 7752 US dollars / ton, down 71 US dollars, down 0.
90%, the trading volume of 15113 lots increased by 1373 lots, and the position 318334 lots decreased by 320 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 74,225 tonnes of London copper on February 2, down 50 tonnes, or 0.
07%,
from the previous trading day.

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