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May 13 London Afternoon Review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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London copper afternoon commentary: the US dollar strongly pressured risk assets, London copper closed down 2.
59% overnight; High global inflation has forced central banks to accelerate interest rate hike expectations, and domestic demand for complex metals has been damaged, and copper is expected to fall
today.

London copper

The US dollar strongly pressured risk assets, and the copper shock fell overnight, the latest closing quotation of 9041 US dollars / ton, closed down 240 US dollars, down 2.
59%, the volume of 21446 hands increased by 7836 lots, and the position volume of 248,000 hands decreased by 1948 lots
.
In the evening, Shanghai copper was weak and volatile, and the latest closing price of the main monthly 2206 contract was 70720 yuan / ton, down 680 yuan, or 0.
95%.

The London Metal Exchange (LME) reported 176875 metric tons of London copper on May 12, an increase of 1,000 metric tons, or 0.
57%,
from the previous trading day.

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