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London copper afternoon commentary: the market sentiment is cautious under the expectation of Fed interest rate hikes, and London copper closed down 0.
25% overnight; Domestic railway ports have been reopened one after another to ease the tension at the mine end, and the downstream consumption performance after the holiday is light, and copper is expected to fall
slightly.
The Fed raised interest rates under the expectation of cautious market sentiment, overnight London copper weak volatility, the latest closing quotation of 9850 US dollars / ton, closed down 25 US dollars, down 0.
25%, the volume of 9138 lots decreased 1829 lots, the position 249756 increased by 585 lots
.
In the evening, Shanghai copper fluctuated at a low level, and the latest closing price of the main monthly 2203 contract was 70220 yuan / ton, down 580 yuan, or 0.
82%.
The London Metal Exchange (LME) reported its latest stock of London copper on February 7 at 80,025 metric tons, down 2,200 metric tons, or 2.
68%,
from the previous trading day.
