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July 30 London Copper noon review

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

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Boosted by rising stocks and demand prospects, London copper closed up $179 overnight; South American mines are again at risk of strikes, domestic scrap copper supply is tightened, and refined copper stocks continue to decline, and copper is expected to rise
today.

London copper

As strong corporate earnings pushed the U.
S.
stock index to a record high, and boosted by the rise in the stock market and demand prospects, the overnight London copper volatility was strong, the latest closing quotation of 9840 US dollars / ton, closed up 179 US dollars, or 1.
86%, the trading volume of 11669 lots decreased by 2214 lots, and the position 298922 increased by 74 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 235175 metric tons of London copper on July 29, an increase of 4950, or 2.
20%,
from the previous trading day.

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