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July 28 London Copper Afternoon Review

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

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US real yields tumbled, and London copper closed down $66 overnight; Recently, the domestic smelting industry has been disrupted again, the demand for grid orders has improved, and refined copper stocks have continued to destock, and copper is expected to rise
slightly.

London copper

Affected by the heavy decline in real yields in the United States, London copper fluctuated in a narrow range overnight, and the latest closing quotation was 9790 US dollars / ton, closing down 66 US dollars, or 0.
66%, the trading volume of 19902 lots decreased by 5455 lots, and the position 300218 increased by 4989 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 225225 metric tons of London copper on July 27, unchanged from the previous session
.

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