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June 7 London Copper Afternoon Review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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London copper afternoon commentary: China's economic recovery boosted market confidence, overnight London copper closed up 2.
34%; Peruvian copper mine disturbance continues to escalate, domestic downstream operating rate rebounded month-on-month, market sentiment gradually eased, copper may remain stable
today.

London copper

China's economic recovery boosted market confidence and provided general support for metal prices, overnight London copper volatility was strong, the latest closing quotation of 9743 US dollars / ton, closed up 223 US dollars, or 2.
34%, the volume of 15095 lots increased by 1321 lots, and the position 234729 lot decreased by 2649 lots
.
In the evening, Shanghai copper opened high, and the latest closing price of the main monthly 2207 contract was 72850 yuan / ton, up 110 yuan, or 0.
15%.

The London Metal Exchange (LME) reported its latest stock of London copper on June 2 140975 metric tons, down 4,975 metric tons, or 3.
41%,
from the previous trading day.

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