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March 17 London Copper Afternoon Review

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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high copper levels

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Uncertainty ahead of the Fed meeting triggered a sell-off, London copper closed down more than 2.
1% overnight, international copper inventories climbed sharply to a more than two-month high, current demand is still weak, copper is now down
today.

London copper

The uncertainty before the Fed meeting triggered a sell-off, and the trend of London copper weakened overnight, the latest closing quotation of 8924 US dollars / ton, down 193 US dollars, or 2.
12%, the volume of 14270 lots increased by 4165 lots, and the position 313813 decreased by 3683 lots
.

In terms of inventory, the London Metal Exchange (LME) reported 103,900 tons of London copper on March 16, an increase of 12.
14%
from 11,250 metric tons in the previous trading day.

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