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February 9 London Copper Afternoon Review

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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London copper afternoon commentary: The European Central Bank showed a hawkish signal, liquidity tightening expectations were bearish, and the London copper shock closed down $30 overnight; Domestic demand recovered slowly after the Spring Festival, copper prices have limited downside, and copper is expected to fall
slightly.

London copper

The European Central Bank showed a hawkish signal, liquidity tightening expectations were bearish, overnight London copper low volatility, the latest closing quotation of 9820 US dollars / ton, closed down 30 US dollars, down 0.
30%, the volume of 13173 lots increased by 4035 lots, the position 251488 increased by 1732 lots
.
In the evening, Shanghai copper opened low and fluctuated, and the latest closing price of the main monthly 2203 contract was 70330 yuan / ton, down 250 yuan, or 0.
35%.

The London Metal Exchange (LME) reported its latest stock of London copper at 79,925 metric tons on February 8, down 100 metric tons, or 0.
12%,
from the previous trading day.

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