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    Home > Chemicals Industry > New Chemical Materials > June 26 London Morning Review

    June 26 London Morning Review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    On Friday, London copper opened at 5742 US dollars / ton, the Asian session basically around the daily moving average oscillation, trading is light, in the afternoon London copper volume rose to break through 5800 US dollars / ton, the high broke through the upper Bollinger band, up to 5854 US dollars / ton
    .
    The preliminary Eurozone manufacturing PMI for June released in the evening recorded 57.
    3, better than the previous reading and expectations, indicating a relatively strong recovery in the Eurozone manufacturing sector, benefiting from the promising global recovery prospects, supporting the high level
    of London copper.
    In the evening, the preliminary value of the Markit manufacturing PMI released by the United States in June hit a nine-month low, and London copper gave up some of its gains, and the center of gravity fell back to the daily average of $5800 / ton, hovering in the line, closing at $5800 / ton, up $59 / ton
    .
    An increase of 1.
    03%.

    London copper

    In terms of the market, as of June 23, the spot price of London copper was 5774 US dollars / ton, a discount of 20 US dollars / ton compared with the March contract; London copper stocks were 258,700 tons, down 9,750 tons from the previous week; copper stocks in the previous period were 56,000 tons, down 2,571 tons from the previous week; based on 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 225 yuan / ton (excluding financing income).

    On Friday, London copper opened at 5742 US dollars / ton, the Asian session basically around the daily moving average oscillation, trading is light, in the afternoon London copper volume rose to break through 5800 US dollars / ton, the high broke through the upper Bollinger band, up to 5854 US dollars / ton
    .
    The preliminary Eurozone manufacturing PMI for June released in the evening recorded 57.
    3, better than the previous reading and expectations, indicating a relatively strong recovery in the Eurozone manufacturing sector, benefiting from the promising global recovery prospects, supporting the high level
    of London copper.
    The signs of recovery in the global manufacturing industry are still a solid foundation to support the overall center of gravity of commodities, and London copper is technically blocked by the upper Bollinger band, and the intraday or shock runs at $5760-5810 / ton
    .

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