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    Home > Chemicals Industry > New Chemical Materials > June 12 London Morning Review

    June 12 London Morning Review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    On Friday, Trump indicated that after FBI testimony, there was no "Russiagate" incident to calm market sentiment
    .
    Gold recorded three consecutive negatives, and market risk sentiment receded slightly
    .
    London copper continued to rise, opened at 5743 US dollars / ton after pressure daily moving average running, in the afternoon can recover the daily moving average back to the opening price nearby, into the European and American session, the center of gravity rose to around 5765 US dollars / ton, the evening market risk sentiment is quite high, London copper opened unilateral rise, bulls rushed into the market, the high recorded 5832 US dollars / ton, the final bald head white line closed at 5830 US dollars / ton, up 83.
    5 US dollars / ton
    .
    The trading volume decreased slightly by 4439 lots from the previous trading day to 21327 lots, and the position increased by 7283 lots to 336898 lots
    .

    London copper

    In terms of the market, as of June 9, the spot price of London copper was 5648 US dollars / ton, which was 25.
    75 US dollars / ton higher than the March contract; London copper stocks were 276,900 tons, down 28,675 tons from the previous week; copper stocks in the previous period were 55,100 tons, down 4,725 tons from the previous week; measured by the closing price of Shanghai copper, the actual ratio of Shanghai copper 3 contract to London copper March contract was 8 (import ratio was 8.
    06), and the import loss was 124 yuan / ton (excluding financing income).

    London copper has now broken through the downtrend line, bears should not continue to test the bears
    at a high level.
    The outflow of technical stop-loss orders may make London copper still have upward inertia while standing firm at $5800/mt
    .

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