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London copper afternoon commentary: U.
S.
stocks were higher, and the London copper shock closed up 0.
81% overnight; The spread of the epidemic in Shanghai has led to the escalation of control and the increase in storage costs, which has promoted the return of premiums, and copper inventories have continued to fall, and copper is expected to rise
today.
U.
S.
stocks rose, mainly because the U.
S.
economy is still strong, consumer demand is still strong, overnight London copper volatility rose, the latest closing quotation of 10360 US dollars / ton, closed up 83 US dollars, or 0.
81%, the volume of 8890 hands increased 343 lots, the position of 255380 hands increased 7923 lots
.
In the evening, Shanghai copper opened high and rose, and the latest closing price of the main monthly 2205 contract was 73630 yuan / ton, up 590 yuan, or 0.
81%.
The London Metal Exchange (LME) reported its latest stock of 80,550 metric tons on March 26, down 50 metric tons, or 0.
06%,
from the previous trading day.
