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July 2 London Copper Afternoon Review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

Tags

domestic supply

copper 2 sulfate

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The US dollar rose to a new high in nearly three months, and London copper closed down $111 overnight; Global copper mine supply continues to recover, domestic export indices fall month-on-month, and downstream consumer demand slows, copper prices are expected to fall
today.

London copper

The dollar strengthened for the fourth consecutive trading day, touching 92.
60 intraday, hitting a new three-month high, overnight London copper weak operation, the latest closing quotation of 9269 US dollars / ton, closed down 111 US dollars, down 1.
18%, the volume of 12935 hands decreased 424 lots, the position volume of 314240 hands decreased 1021 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 211525 metric tons of London copper on July 1, an increase of 1,175 metric tons, or 0.
56%,
from the previous trading day.

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