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July 23 London Copper noon review

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

Tags

supply demand production

crude oil extraction

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The European Bank tends to be dovish and crude oil rebounds, and London copper closed up $103 overnight; The long-term drought in Chile has affected copper mine production, domestic electrolytic copper production has declined, and downstream cable demand has recovered, and copper prices are expected to rise
today.

London copper

The European Bank still maintained a dovish tone and decided to keep interest rates unchanged, coupled with the rebound of crude oil for two consecutive days, overnight London copper fluctuated higher, the latest closing quotation of 99459 US dollars / ton, closed up 103 US dollars, or 1.
10%, the volume of 13130 lots increased by 2007 lots, and the position 296025 lots decreased by 3957 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 224,250 metric tons of London copper on July 22, down 150 metric tons, or 0.
07%,
from the previous trading day.

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