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May 19 London Afternoon Review

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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1 0 copper

high low thermometer

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Loose monetary policy pushed the dollar to a more than four-month low, London copper closed up $49 overnight, high costs continue to squeeze cable industry profits, downstream consumption season is not strong, copper is falling
today.

London copper

Fears that the Fed may raise interest rates early gradually faded, loose monetary policy pushed the dollar index down to a more than four-month low, overnight London copper ran strongly, the latest closing quotation of 10416 US dollars / ton, up 49 US dollars, or 0.
47%, the volume of 12370 lots increased by 2158 lots, and the position 324377 decreased by 1963 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 119025 tonnes of London copper on May 18, down 850 tonnes, or 0.
71%,
from the previous trading day.

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