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March 1 London Copper Afternoon Review

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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London copper afternoon commentary: U.
S.
stocks fell sharply, London copper closed stable under pressure; Chilean copper production fell in January, global supply tensions continued, domestic smelting and processing fees continued to rise, and downstream consumption was average, and copper was expected to fall
slightly.

London copper

U.
S.
stocks fell sharply, overnight London copper low volatility after the end of the day, the latest closing quotation of 9860 US dollars / ton, under pressure closed steady, the trading volume of 15163 hands increased by 3605 lots, the position of 249768 hands decreased by 2093 lots
.
In the evening, the Shanghai copper high fell, and the latest closing price of the main monthly 2204 contract was 70750 yuan / ton, down 90 yuan, or 0.
13%.

The London Metal Exchange (LME) reported its latest stock of London copper at 73,025 metric tons on February 28, down 1,850 metric tons, or 2.
47%,
from the previous trading day.

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