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March 31 London Copper Afternoon Review

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

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London copper afternoon commentary: lower dollar boosted metals, overnight London copper closed up 0.
19%; Copper fundamentals are still strong, but the recovery of copper stocks and the disruption of the epidemic have damaged logistics and transportation, and copper is expected to rise and fall limited
.

London copper

As the market has doubts about the Russian-Ukrainian peace talks, and attention turns to economic data and interest rate expectations, the lower dollar boosted the metal, and the copper shock recovered overnight, the latest closing quotation of 10371 US dollars / ton, closed up 20 US dollars, or 0.
19%, the trading volume of 10551 lots increased by 2861 lots, and the position 254537 decreased by 1457 lots
.
In the evening, the Shanghai copper fluctuated trend, and the latest closing price of the main monthly 2205 contract was 73750 yuan / ton, up 80 yuan, or 0.
11%.

The London Metal Exchange (LME) reported 87,925 metric tons of London copper stocks on March 30, an increase of 6,425 metric tons, or 7.
88%,
from the previous trading day.

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