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June 1 London Copper Afternoon Review

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

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London copper afternoon commentary: the dollar stabilized and rebounded, overnight London copper closed down 0.
9% under pressure; The domestic epidemic situation has improved and the supply of raw materials is sufficient, downstream consumption is still not ideal, and the sentiment of holders to cash out has increased, and copper is expected to fall
today.

London copper

The market's concerns about global inflation further accelerating weighed on investors' risk appetite, the US dollar was stabilized and rebounded by safe-haven demand concerns, and the copper shock fell overnight, the latest closing quotation of 9439 US dollars / ton, closed down 86 US dollars, or 0.
90%, the trading volume of 11987 lots increased by 4270 lots, and the position 241591 increased by 495 lots
.
In the evening, Shanghai copper opened low and went low, and the latest closing price of the main monthly 2207 contract was 71550 yuan / ton, down 550 yuan, or 0.
76%.

The London Metal Exchange (LME) reported 149,200 metric tons of London copper on May 31, down 5,450 metric tons, or 3.
52%,
from the previous trading day.

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