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Overnight London copper rose strongly, of which 3-month London copper rose 1.
36% to 4699 US dollars / ton, up 4.
82% from the low of 4483 US dollars / ton in this round, the current London copper running at the intersection of moving averages, above the focus on M60 that is, 4729 US dollars / ton resistance
.
In the past week, London copper has reduced its position, showing that long and short trading is cautious
.
London copper closed higher on Tuesday as investors' risk appetite over Brexit uncertainty supported demand
.
However, copper gains were limited as a surge in China's copper exports raised concerns about a global oversupply and a stronger
dollar.
Industry: According to ICSG data, the global refined copper shortage in March was 40,000 tons, and the World Bureau of Metal Statistics previously announced that the global refined copper supply shortage in March was 45,000 tons, which is basically the same
.
Stocks: As of June 21, LME copper stocks reported 192175 tons, down 1,850 tons from the 20th, marking an eight-day decline
.
At 16:00 London time on June 21 (00:00 Beijing time on June 22), LME three-month copper closed up 0.
6% at $4,670 a tonne, having hit a four-day high of $
4,675 at the beginning of the session.
