echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > June 23 London Morning Review

    June 23 London Morning Review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight, London copper opened after $5741.
    5/mt
    .
    At the beginning of the Asian session, copper briefly touched 5775 US dollars / ton, and then the center of gravity fell back to 5735 US dollars / ton consolidation operation, and the morning trading was light
    .
    In the afternoon, London copper weakened slightly to test the 20-day moving average of 5690 US dollars / ton support, into the European and American session, London zinc strongly pulled up, London copper was boosted to recover part of the decline, again hit the intraday high after the pressure to fall, the evening gradually returned to the daily moving average nearby, closed at 5741 US dollars / ton, up 16 US dollars / ton, the position increased 473 hands to 328903 lots
    .

    London copper

    In terms of the market, as of June 22, the spot price of London copper was $5,661/ton, a discount of $24.
    5/ton from the March contract; London copper stocks were 256,700 tons, down 2,600 tons from the previous day; copper stocks in the previous period were 56,000 tons, down 496 tons from the previous day; measured by the closing price of Shanghai copper, the actual ratio of Shanghai copper 3 contract to London copper March contract was 8.
    03 (import ratio was 8.
    1), and the import loss was 192 yuan / ton
    .

    Overnight London copper trend tangled, closing the doji line, greatly affected by the surrounding metal atmosphere, the overall high consolidation pattern, is expected to run at 5700 ~ 5740 US dollars / ton
    within the day.
    Today we will pay attention to the final annual GDP of France for the first quarter, the preliminary Markit manufacturing PMI in France, Germany, Europe and the United States for June, and the performance of new home sales in the United States in May
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.