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    Home > Chemicals Industry > New Chemical Materials > June 6 London Copper Morning Review

    June 6 London Copper Morning Review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Overnight, London copper opened at 5658 US dollars / ton, after the opening copper price around 5662 US dollars / ton a line of consolidation, after the Asian market closed copper prices dived, fell below the middle of the Bollinger track, probed down to 5606.
    5 US dollars / ton, in the 20-day moving average to get support after repairing upward, rebounded to near the average in the evening, recovered the intraday decline, closed at 5648 US dollars / ton, down 40 US dollars / ton, and increased 1705 hands to 333025 lots
    .

    London copper

    In terms of the market, as of June 5, the spot price of London copper was $5,661/ton, a discount of $25/ton over the March contract; The stock of London copper was 302,600 tons, down 2,925 tons from the previous day; the copper inventory in the previous period was 59,700 tons, down 100 tons from the previous day; measured by the closing price of Shanghai copper, the actual ratio of the Shanghai copper 3 contract to the London copper March contract was 8.
    (the import ratio was 8.
    06), and the import loss was 132 yuan / ton (excluding financing income).

    Overnight London copper continued to first suppress and then rise trend, below pierced the 20-day moving average, the United States data weak drag under the London copper closed down, intraday data surface light, it is expected that London copper shock running at 5620 ~ 5650 US dollars / ton
    .

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