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January 28 London Copper afternoon review

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

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The Federal Reserve said that the pace of economic recovery in the United States slowed down, overnight London copper closed down 1.
9% under pressure, weak consumption in the off-season, downstream enterprises gradually took a holiday, the fundamentals lacked strong support, copper fell today
.

London copper

The Federal Reserve said that the pace of recovery in the US economic activity and the labor market has slowed down in recent months, and London copper fell under pressure overnight, with the latest closing quotation of $7843 / ton, down $152, or 1.
90%, with a volume of 22,937 lots increasing by 11,312 lots and a decrease of 94 lots in 311965 positions
.

In terms of inventories, the London Metal Exchange (LME) reported 77,175 tonnes of London copper on January 27, down 2,100 tonnes, or 2.
65%,
from the previous trading day.

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