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July 14 London Copper Afternoon Review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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London copper afternoon commentary: higher oil prices and China's favorable policy stimulus, London copper closed up 1.
45% overnight; The domestic economy recovered better than expected in the third quarter, and copper imports rose in June to record the fastest growth rate, and copper is expected to remain stable
today.

London copper

Higher oil prices and China's favorable policy stimulus, overnight London copper bottomed out and rebounded higher, the latest closing quotation of 7400 US dollars / ton, closed up 106 US dollars, or 1.
45%, the volume of 39360 hands increased 22761 lots, the position 237455 increased 3287 lots
.
In the evening, Shanghai copper first fell and then rose, and the latest closing price of the main monthly 2208 contract was 56370 yuan / ton, up 240 yuan, or 0.
43%.

The London Metal Exchange (LME) reported 130975 tonnes of London copper on July 13, down 800 tonnes, or 0.
61%,
from the previous session.

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