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During the European session last night, the bears closed their positions, and after London copper rose to a high of 6498.
5 US dollars / ton, the center of gravity of copper prices slowly fluctuated
downward.
Then entered the U.
S.
market, maintaining a period of slow volatility at the beginning of the session, but then affected by the strong rise of the US dollar, copper price express down to the daily average of around 6465 US dollars / ton, the evening copper price performance slightly lower to rise, the end of the session basically maintained stability around 6480 US dollars / ton, closing at 6483 US dollars / ton
.
The ISM non-manufacturing industry in the United States in February was better than expected, the new orders index hit a 13-year high, the data strongly eased economic slowdown concerns, overnight metal rebounded, London copper ran strongly, the latest closing quotation of 6483 US dollars / ton, up 72 US dollars, or 1.
13%, the volume of 19478 lots decreased by 3391 lots, and the position volume 295941 lots decreased by 1506 lots
.
Last night, the United States announced that the ISM non-manufacturing index for February exceeded expectations, and the dollar performed 6 consecutive sunshine this morning, making copper prices under pressure last night, in addition to the pressure of the strong rise of the dollar, the domestic "two sessions" tax reduction policy also made commodity prices generally fall.
