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March 10 London Copper Afternoon Review

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

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Lun copper afternoon commentary: oil prices plummeted, overnight Lun copper closed down 3.
46%, losing the 10,000 yuan mark; The suspension of trading in London nickel has heated up market caution, and copper has weakened in Shanghai and there is no bright spot in domestic downstream consumption, and copper is expected to fall
today.

London copper

Oil prices plummeted, overnight London copper trend weak, the latest closing quotation of 9977 US dollars / ton, closed down 358 US dollars, down 3.
46%, the volume of 13266 lots decreased 8739 lots, the position 254997 lots decreased 2513 lots
.
In the evening, Shanghai copper opened low and went low, and the latest closing price of the main monthly 2204 contract was 71650 yuan / ton, down 110 yuan, or 1.
51%.

The London Metal Exchange (LME) reported its latest stock of London copper on March 9 at 71,875 metric tons, an increase of 2,275 metric tons, or 3.
27%,
from the previous trading day.

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