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    Home > Chemicals Industry > New Chemical Materials > May 10 London Copper Afternoon Review

    May 10 London Copper Afternoon Review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    London copper afternoon commentary: the dollar continued to strengthen, London copper closed down 1.
    26% overnight; Domestic manufacturing activity contracted in April, the epidemic situation is still severe, metal demand is damaged, downstream sentiment is pessimistic, and copper may continue to fall.

    London copper

    The dollar continued to strengthen, the market expected the Fed to actively suppress inflation, triggering a sharp rise in risk aversion, boosting the safe-haven attractiveness of the dollar, the dollar has risen for five consecutive weeks, overnight London copper rushed back down, the latest closing quotation of 9270 US dollars / ton, closed down 118 US dollars, down 1.
    26%, the volume of 21238 hands increased by 6401 lots, and the position volume 252683 decreased by 1384 lots
    .
    In the evening, Shanghai copper opened low and fluctuated in a narrow range, and the latest closing price of the main monthly 2206 contract was 71500 yuan / ton, down 180 yuan, or 0.
    25%.

    The London Metal Exchange (LME) reported 169175 tonnes of London copper on May 7, down 850 tonnes, or 0.
    50%,
    from the previous session.

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