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Overnight, London copper opened at 4720 US dollars / ton, during the Asian session, bulls covered back to cause copper prices to fall from a high level, low at 4695 US dollars / ton, and then boosted by the referendum to stay in Europe, crude oil strengthened, the dollar weakened, and London copper rebounded low; Entering the European session, London copper accelerated higher, touching 4795 US dollars / ton, and finally closed at 4774.
5 US dollars / ton, up 66.
5 US dollars / ton
from the previous closing price.
In terms of stocks, LME copper stocks reported 194375 tonnes as of June 23, up 3,675 tonnes from the 22nd, the first increase
in ten trading days.
London copper futures hit a seven-week high on Thursday as polls showed Britain favored staying in the European Union, boosting investor confidence and a weaker dollar also provided support
.
LME three-month copper was last up 1.
8 percent at $
4,784 a tonne.
It earlier hit its highest level since May 6 at $4,790
.
