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    Home > Chemicals Industry > New Chemical Materials > June 27 London Copper Afternoon Review

    June 27 London Copper Afternoon Review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    London copper afternoon commentary: the Fed's interest rate hike expectations weakened, and London copper closed slightly down 0.
    18% the next week; Domestic weekly inventories continue to increase, downstream orders are less than expected, and market sentiment is still pessimistic, and copper is expected to fall
    today.

    London copper

    Fed interest rate hike expectations weakened, as the market reduced the valuation of interest rates, and fully digested the expectation of a 50 basis point rate hike in August and advanced the timing of the rate cut in response to a possible recession, the next week London copper shock rebounded, the latest closing quotation of 8322 US dollars / ton, slightly closed down 15 US dollars, or 0.
    18%, the volume of 24542 lots increased 2328 lots, and the position 228838 increased by 1929
    .
    Shanghai copper opened low on Friday evening, and the latest closing price of the main monthly 2208 contract was 63450 yuan / ton, down 980 yuan, or 1.
    52%.

    The London Metal Exchange (LME) reported 113025 tonnes of London copper on June 24, down 450 tonnes, or 0.
    40%,
    from the previous session.

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