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    Home > Chemicals Industry > New Chemical Materials > January 4 London Morning Review

    January 4 London Morning Review

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    On Friday, the night market London copper continued the narrow range of more than a week, of which the 3-month London copper edged up 0.
    38% to 5516 US dollars / ton, and is still trading at the intersection of
    moving averages 。 Yesterday's Asian session, London copper short-term rushed back down, back to the daily average to get support, then China announced that December Caixin manufacturing PMI 51.
    9, the highest since January 2013, bulls have poured in, copper prices pulse up, the high touched 5616 US dollars / ton, touched the 40-day moving average after falling, European session London copper repeatedly hovered near the daily moving average, evening with the US December ISM manufacturing index and Markit manufacturing PMI final value significantly better than expected, boost the dollar, London copper continued to fall back to 5480.
    5 US dollars / ton, late low consolidation, closed at 5481.
    5 US dollars / ton, down 34.
    5 US dollars / ton
    .

    London copper

    Industry information: Peru's copper production in November was 210718 tons, an increase of 32.
    8% year-on-year, and the cumulative production of copper in Peru from January to November increased by 42.
    3%
    year-on-year.

    Stocks: LME copper stocks were down 12,300 tonnes for the week ended Dec.
    30 at 322225 tonnes, the 10th week in the past 12 weeks, but still well above the average of 230,000 tonnes of stocks during the year, which reached a high of 379175 tonnes
    .

    London Metal Exchange (LME) copper retreated from a two-week high on Tuesday as a stronger dollar overshadowed expectations
    of solid demand in the United States and China.
    Economic data released by both countries showed an improvement
    in manufacturing activity.
    At 17:00 London time on Jan.
    3 (01:00 Beijing time on Jan.
    4), three-month copper closed down 0.
    6% at $5,500, earlier hitting its highest since Dec.
    19 at $5,616.
    50
    .

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