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July 15 London Morning Review

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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Overnight, London copper fluctuated in a narrow range around $4,930/ton, of which the three-month copper edged up 0.
05% to $4,938/ton, and the daily closing price hit a high since April 29 this year
.
However, the rally of London copper's high in the past two days has slowed significantly, as the market focuses on China's second-quarter GDP to be released today, and long and short trading is cautious
.
This week, London copper led by increasing positions, indicating that bulls took the initiative, and copper market sentiment rose
significantly.

London copper

Stocks: LME copper stocks were 234925 tonnes as of July 14, up 1,875 tonnes from yesterday, close to the high set on 3 February (235,400 tonnes) and well above the average inventory of 187,800 tonnes
for the year.

LME copper ended higher on Thursday, following gains in other base metals as the dollar weakened
.
At 16:00 London time on July 14 (00:00 Beijing time on July 15), three-month copper closed up 0.
04% at $
4,940 a tonne.

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