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London copper afternoon commentary: U.
S.
stocks fell, overnight London copper closed down $80; Global copper mines can gradually release the expectation of loose supply, domestic copper prices will balance between the accumulation of stocks in the Spring Festival off-season and low inventories, and copper is expected to fall
slightly today.
U.
S.
stocks fell, as the market's expectations for the Fed to raise interest rates by more than 25 basis points in March became stronger, and copper ran weakly overnight, with the latest closing quotation of $9,676 / ton, closing down $80, or 0.
82%, with a volume of 11,580 lots increasing by 4,397 lots and a decrease of 3,957 lots 245466 holdings
.
In the evening, the Shanghai copper fluctuated trend, and the latest closing price of the main monthly 2203 contract was 69850 yuan / ton, down 160 yuan, or 0.
23%.
In terms of inventories, the London Metal Exchange (LME) reported its latest inventory of 94,525 metric tons on January 18, an increase of 1,675 metric tons, or 1.
80%,
from the previous trading day.
