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May 22 London Copper noon review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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The dollar index rebounded, overnight London copper high fell more than 1%, South American copper mines have planned to resume operations, the global copper market under the impact of the epidemic oversupply, copper today or down
.

London copper

The dollar index rebounded, geopolitical tensions intensified, market risk aversion heated up, overnight London copper high retreated, the latest closing quotation of 5390 US dollars / ton, down 56 US dollars, down 1.
02%, the volume of 15644 lots increased 1260 lots, the position 281231 increased 2304 lots
.

Chile's Antofagasta said that copper production levels have remained basically normal, and South American copper mines have recently planned to resume operations, and supply-side support for prices has gradually weakened; Under the impact of the epidemic, demand has been affected more than supply, and the global copper market is oversupplied, and spot copper prices may fall
today.

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