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    Home > Chemicals Industry > New Chemical Materials > June 14 London Morning Review

    June 14 London Morning Review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Overnight, London copper opened at 5764.
    5 US dollars / ton, after the opening copper price extended the daily moving average slightly rose to a high of 5782 US dollars / ton, fell back to the average below the consolidation at noon, dragged down by Shanghai zinc in the afternoon, copper prices dived, the lowest touched 5689 US dollars / ton in the evening, the low repair at the end of the day, back to the daily moving average position, closed at 5730 US dollars / ton, down 33.
    5 US dollars / ton, and the position increased by 7,500 hands to 349,000 lots
    .

    London copper

    In terms of the market, as of June 12, the spot price of London copper was 5661 US dollars / ton, which was 29 US dollars / ton higher than the March contract; London copper stocks were 279,600 tons, an increase of 2,700 tons from the previous day; copper stocks in the previous period were 55,100 tons, unchanged from the previous day; measured by the closing price of Shanghai copper, the actual ratio of Shanghai copper 3 contracts to London copper March contracts was 7.
    99 (import ratio was 8.
    06), and the import loss was 148 yuan / ton (excluding financing income).

    Overnight London copper opened high and low, fell back to the average dense area, corrected the previous too fast growth, today released China's May above designated size industrial added value, urban fixed asset investment, total retail sales of social consumer goods and other data, market expectations are stable and falling, it is expected that London copper will continue to correct the pace, today running at 5700 ~ 5740 US dollars / ton
    .

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