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January 5 London Copper Afternoon Review

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

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London copper afternoon commentary: the weakening of the US dollar boosted the rise in commodities, and London copper closed up $40 overnight; The European energy crisis continues to boost the non-ferrous sector, with weak copper market production and low inventories expected to rise
today.

London copper

The weakening of the dollar boosted the rise in commodities, and London copper closed up $40 overnight, the latest closing quotation of $9795 / ton, closed up $40, or 0.
41%, the volume of 13063 lots increased 6379 lots, and the position of 252542 lots increased 294 lots
.
In the evening, Shanghai copper volatility was strong, and the latest closing price of the main month 2202 contract was 70710 yuan / ton, up 910 yuan, or 1.
30%.

The London Metal Exchange (LME) reported its latest stock of 88,725 metric tons on December 31, down 225 metric tons, or 0.
25%,
from the previous trading day.

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