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London copper afternoon commentary: global copper mine supply concerns heated, overnight London copper closed up 0.
84%; Domestic favorable policies to promote infrastructure construction to accelerate confidence in the metal market, but downstream actual demand is still weak, and copper is expected to rise
slightly today.
Global copper mine supply concerns heated up, supply production was lower than expected, due to the continuous disruption of major copper mines caused by production obstruction, and then had to lower the annual copper production target, overnight London copper shock is strong, the latest closing quotation of 7545 US dollars / ton, up 63 US dollars, or 0.
84%, the volume of 17964 hands increased 2129 lots, the position of 231560 hands increased 1681 lots
.
In the evening, Shanghai copper opened high all the way down, and the latest closing price of the main month 2209 contract was 57960 yuan / ton, down 90 yuan, or 0.
16%.
The London Metal Exchange (LME) reported 132025 tonnes of London copper on July 26, down 1,150 tonnes, or 0.
86%,
from the previous session.
