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June 23 London Afternoon Review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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A weaker dollar boosted metals, and copper rose nearly 1% overnight; The first batch of reserves has been decided, but the quantity is actually limited, copper concentrate prices continue to recover, supply-side pressure still exists, and copper prices are expected to rise
today.

London copper

The weakening of the US dollar boosted the metal market, so that the pressure on non-ferrous metals continued to ease, overnight London copper narrow range shock, the latest closing quotation of 9269 US dollars / ton, closed up 89 US dollars, or 0.
97%, the volume of 16713 hands increased 872 lots, the position 320535 increased by 1556 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 160,950 metric tons of London copper on June 22, down 100 metric tons, or 0.
06%,
from the previous trading day.

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