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June 28 London Copper Afternoon Review

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

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London copper inventories have increased sharply in the past two trading days, and London copper fell slightly by $23 the next week under pressure; Copper prices are expected to fall
slightly today due to ample supply of copper concentrate, refiners raising processing fees, and the market cautiously viewing the impact of storage dumping.

London copper

London copper inventory has increased sharply in the past two trading days, the inventory increased by more than 40,000 tons in the week, the overall inventory level rose above 200,000 tons, the next week London copper shock is weak, the latest closing quotation of 9435 US dollars / ton, closed down 23 US dollars, down 0.
24%, the volume of 10207 hands decreased by 415 lots, and the position volume 317961 hands decreased by 2985 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 210975 metric tons of London copper on June 25, an increase of 18,000 metric tons, or 9.
33%,
from the previous trading day.

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