echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > July 13 London Copper Afternoon Review

    July 13 London Copper Afternoon Review

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight, London copper Europe and the United States hovered around the daily moving average, high to near $6235 / ton, closed at 6215 US dollars / ton, up 80 US dollars / ton, and the position increased by 7,000 lots to 323,000 lots
    .

    London copper

    On the macro front, the chairman of the Federal Reserve said that if trade policy affects the economy, the Fed has tools such as interest rate cuts, coupled with the US CPI in June of 2.
    9% year-on-year, the largest increase since February 2012, the recovery of inflation data has boosted commodity market sentiment to a certain extent, and the colored sector has stabilized
    .
    Copper for March on the London Metal Exchange closed up 1.
    31% at $6215.
    0 a mt
    .

    Copper prices entered the market after the deep fall of the previous day, and there is a certain demand for repair, but the current trade war trend is still not clear enough, and how China and the United States ferment is still the leading force
    in copper prices.
    Domestic Dahua long positions have been greatly reduced, short-term selling pressure has not been fully released, but the replacement of copper scrap by refined copper has gradually emerged, and it is expected that without the premise of deterioration of the macro situation, the lower support makes its depth limited, and it is expected that today's London copper 6200-6260 US dollars / ton
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.