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March 2 London Copper afternoon review

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

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London copper afternoon commentary: oil prices soared to boost the market, overnight London copper closed up 2.
24%; Non-ferrous metal supply disruption continues to intensify, market concerns have driven nonferrous collective red, coupled with the domestic economy remains resilient, copper is expected to rise
today.

London copper

The surge in oil prices boosted the market, and the strong trend of copper overnight, the latest closing quotation of 10080 US dollars / ton, closed up 220 US dollars, or 2.
24%, the volume of 22658 lots increased by 7495 lots, and the position volume 249179 decreased by 589 lots
.
In the evening, Shanghai copper opened higher and higher, and the latest closing price of the main monthly 2204 contract was 71670 yuan / ton, up 750 yuan, or 1.
06%.

The London Metal Exchange (LME) reported its latest stock of London copper at 72,875 metric tons on March 1, down 150 metric tons, or 0.
21%,
from the previous trading day.

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