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May 6 London Copper Afternoon Review

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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London copper afternoon comment: U.
S.
stocks fell sharply, market risk appetite cooled, overnight London copper closed down 0.
53%; Copper is expected to fall today as weak global economic data weighs on metal demand, and the epidemic hangs over the market to suppress the motivation of market bulls to
enter the market.

London copper

U.
S.
stocks plunged market risk appetite cooled, overnight London copper volatility lower, the latest closing quotation of 9460 US dollars / ton, closed down 50 US dollars, down 0.
53%, the volume of 20495 lots increased by 8910 lots, the position 255331 lots decreased by 1659 lots
.
In the evening, Shanghai copper ran weakly, and the latest closing price of the main monthly 2206 contract was 71860 yuan / ton, down 1190 yuan, or 1.
63%.

The London Metal Exchange (LME) reported 168,800 metric tons of London copper on May 5, an increase of 14,325 metric tons, or 9.
27%,
from the previous trading day.

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