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    Home > Chemicals Industry > New Chemical Materials > March 22 London Copper Afternoon Review

    March 22 London Copper Afternoon Review

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Last night, Lun Tong's probe fell
    back.
    In the evening European market, after testing 6555.
    5 US dollars / in the afternoon, because the performance of the US index picked up, the bears entered the market, copper prices began to fall in one direction, until the end of the European market, copper prices fell even more, the performance fell deeply, until the beginning of the US market, copper prices closed in a narrow range at 6466 US dollars / ton, but then failed to maintain stability, continued to probe at the end of the session, quickly fell to a low of 6405 US dollars / ton, short-term low after a slight rebound, closed at 6432.
    5 US dollars / ton, volume 22096 lots, Positions increased by 1,230 lots to 289,000 lots
    .

    London copper

    Previously, due to the Fed's dovish decision caused the dollar to fall sharply, yesterday's market sentiment eased slightly, and gradually digested the expectation of no interest rate hike, and last night's release of US unemployment data turned better, the dollar performance rebounded back to around 96.
    3, London copper fell
    sharply.
    Yesterday, London copper stopped a four-day streak, giving up all of the week's gains, but the recent firm trend of crude oil is expected to bring a wave of strong support
    below copper prices.

    The dollar index rebounded sharply on Thursday to recover some of its losses, and the retreat in oil prices dragged down the metal market, and copper fell under pressure overnight, with the latest closing quotation of $6433 / ton, down $60, or 0.
    93%, with a volume of 21,999 lots up 11,629 lots and a decrease of 6,911 lots in 288716 positions
    .

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