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    Home > Chemicals Industry > New Chemical Materials > July 26 London Copper Afternoon Review

    July 26 London Copper Afternoon Review

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Overnight, London copper stood at the $6,300 / ton mark, the intraday high was $6,331 / ton, and closed at $6,305 / ton, up $43.
    5 / ton, and the position fell by 800 to 311,000 lots
    .

    London copper

    The strike at Escondida, Chile's largest copper mine, is approaching the final negotiating day, and although the company raised workers' wages to avoid a strike, the short-term market's fears of a copper supply tightening have amplified, providing some support
    for the rebound in copper prices.
    Pay attention to the US new home sales data in June and the weekly EIA crude oil and gasoline inventory changes, and pay attention to whether short-term London copper can charge up the $6300/ton integer mark
    .

    On the news front, the European Union reached a trade deal with Trump to import more soybeans and natural gas from the United States to ensure that the United States will not impose tariffs
    on its cars.
    The trade strategy has eased the worry of repairing the global trade crisis, London copper opened higher at 6350 US dollars / ton, the recent weakening of the US dollar supports copper prices to rise, the fundamentals also have the interference of strike news, the short-term bottom rally will continue
    .

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