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July 5 London Copper Afternoon Review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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London copper afternoon commentary: LME copper stocks surged, overnight London copper closed down 1.
06%; Chile's tax reform may affect the global copper supply pattern, domestic demand continues to be weak, supply increase is still under pressure, copper is expected to remain stable
.

London copper

The surge in LME copper inventories attracted a sell-off, and overnight copper fluctuated to the bottom, with the latest closing quotation of $7970 / ton, closing down $85, or 1.
06%, with a volume of 10,856 lots down 8,854 lots and an increase of 5,742 lots 233493 positions
.
In the evening, the Shanghai copper rebound was insufficient after the low rebound, and the shock fell, and the latest closing price of the main monthly 2208 contract was 60860 yuan / ton, down 380 yuan, or 0.
62%.

The London Metal Exchange (LME) reported the latest stock of London copper on July 2 at 136,950 metric tons, an increase of 10,100 metric tons, or 7.
96%,
from the previous trading day.

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