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July 18 London Copper Afternoon Review

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

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London copper afternoon commentary: important inflation expectations in the United States fell to a one-year low, and London copper rebounded from a 20-month low the following week to close up 0.
99%; The supply of copper market has slowed down, and the demand for new energy industry has accelerated, and copper is expected to rise
slightly today.

London copper

The decline in important inflation expectations in the United States hit a one-year low, temporarily easing the market's concerns about the expectation of a July interest rate hike, and pushed the dollar index lower, and the next week London copper bottomed out and rebounded higher, the latest closing quotation of 7175 US dollars / ton, closed up 71 US dollars, or 0.
99%, the volume of 21711 lots increased by 5120 lots, and the position 239972 increased by 2092 lots
.
Shanghai copper rebounded higher at a low level on Friday night, and the latest closing price of the main monthly 2208 contract was 55150 yuan / ton, up 550 yuan, or 1.
01%.

The London Metal Exchange (LME) reported its latest stocks of London copper on July 15 at 130425 metric tons, an increase of 1,175 metric tons, or 0.
91%,
from the previous trading day.

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