 Home > Chemicals Industry > New Chemical Materials > May 31 London Morning Review

May 31 London Morning Review

 Last Update: 2022-12-02
 Source: Internet
 Author: User

Tags

2 cycle oil

1 2cv 2

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Yesterday's LME market was closed, this morning London copper opened slightly lower, now trading around 4670 US dollars / ton, still running at the intersection of moving averages, short-term operating range focus on 4600-4850 US dollars / ton
.
In terms of positions, on May 26, the position of London copper was 338,000 lots, an increase of 1,040 lots from the 25th, and last week Lun copper reduced its position and rose, indicating that the rise in copper prices was mainly boosted by short covering, and the confidence of bulls to do long is still insufficient
.

London copper

Stocks: As of May 27, LME copper stocks were at 153,750 tonnes, down 1,975 tonnes or 1.
3% weekly, marking the third consecutive week of declines and falling back to the level of
a month ago.
Industry news: Chile produced 432277 tonnes of copper in April, down 8.
2% year-on-year, as some mines were hit by heavy rainfall and ore grades fell
.

Yesterday due to the spring bank holiday LME closed, today by the recovery of crude oil, the weakening of the US dollar or a low recovery, running in the range of 4650 US dollars / ton to 4690 US dollars / ton
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.