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Overnight, London copper opened at 4576 US dollars / ton, during the Asian session, London copper first tested as low as 4551.
5 US dollars / ton, then the US dollar weakened London copper shock rose to 4582.
5 US dollars / ton, in the afternoon London copper fell straight down with the decline of crude oil, and then the low level retreated to recover part of the decline; Entering the European session, London copper turned back again, the lowest to 4545 US dollars / ton, and then crude oil recovery drove copper prices back to 4572.
5 US dollars / ton after a wide range of shock, evening crude oil rushed back down, London copper the highest touched 4588.
5 US dollars / ton after a sharp fall to give up all the gains, the end of the recovery to stabilize, and finally closed at 4565 US dollars / ton, down 6 US dollars / ton
from the previous day's closing price.
In terms of news, the International Copper Research Organization said in its latest monthly report that the global refined copper market was oversupplied by 24,000 tons in February and 51,000 tons
in January.
Overnight, London copper wide volatility stalemate, the center of gravity is still moving down, today focus on the previous low around $4540/mt support, London copper is expected to operate
within $4540/t to $4580/ton.
