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January 11 London Copper Afternoon Review

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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The negative growth of the US non-farm payrolls data hit market sentiment, and London copper closed down more than 1% the next week, the domestic market is in the traditional consumption off-season, downstream demand performance has a tendency to weaken, and copper is falling
today.

London copper

The number of non-farm payrolls in the United States fell by 140,000 in December, far less than expected an increase of 50,000, the previous value was an increase of 245,000, the poor non-farm payrolls report hit market sentiment, the next week London copper fluctuated downward, the latest closing quotation of 8085 US dollars / ton, down 87 US dollars, down 1.
07%, the volume of 22975 hands increased by 6368 lots, and the position 306748 increased by 2249 lots
.

In terms of inventories, the London Metal Exchange (LME) reported its latest stock of London copper on January 8 at 102425 tonnes, down 1,900 tonnes, or 1.
82%,
from the previous trading day.

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