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London copper afternoon commentary: U.
S.
stocks fell again and approached the bear market, and London copper closed down 0.
89% overnight; Weak property sales data in China have heightened market concerns, with poor demand for industrial metals and low confidence in the downstream, and copper is expected to fall
today.
U.
S.
stocks plunged again to approach the bear market, affected by the Federal Reserve's violent interest rate hike the next day, causing the Dow to lose 30,000 points, overnight London copper high retreated, the latest closing quotation of 9126 US dollars / ton, closed down 82 US dollars, down 0.
89%, the volume of 20482 hands increased by 6747 lots, the position of 230800 hands decreased by 1657 hands
.
In the evening, Shanghai copper ran weakly, and the latest closing price of the main monthly 2207 contract was 69520 yuan / ton, down 1260 yuan, or 1.
78%.
The London Metal Exchange (LME) reported its latest stock of London copper at 121,000 metric tons on June 16, down 525 metric tons, or 0.
43%,
from the previous trading day.
