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January 26 London Copper Afternoon Review

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

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London copper afternoon commentary: oil prices rebounded higher, overnight London copper closed up $99; Copper is expected to rise today, as copper prices rise today due to increased investment in the global green energy sector, as global inventories continue to
decline and the domestic double reduction policy boosts copper prices.

London copper

The market expected that the already tight oil market may exacerbate imbalances due to geopolitical risks, causing oil prices to rebound higher, and copper fluctuated upward overnight, with the latest closing quotation of $9846 / ton, closing up $99, or 1.
02%, with a volume of 28,302 lots and an increase of 7,713 lots and a 3,332 increase in 245629 positions
.
In the evening, Shanghai copper was strongly volatile, and the latest closing price of the main monthly 2203 contract was 70280 yuan / ton, up 460 yuan, or 0.
66%.

The London Metal Exchange (LME) reported its latest stock of London copper at 96,675 metric tons on January 25, down 900 metric tons, or 0.
92%,
from the previous trading day.

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