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    Home > Chemicals Industry > New Chemical Materials > May 8 London Copper Afternoon Review

    May 8 London Copper Afternoon Review

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    In the European market last night, London copper maintained a stable low volatility, the center of gravity ran at the 6170 US dollars / ton line, and the bottom was 6154 US dollars / ton
    .
    Then entered the US market, copper prices tried to rise in a straight line, but stopped at a high of 6209 US dollars / ton, and then the bulls continued to be squeezed, copper prices maintained a volatile downward trend, until the close of the bottom of 6151 US dollars / ton, closing at 6151.
    5 US dollars / ton, down 1.
    31%
    during the day.

    London copper

    Last night's risk aversion to the shift in U.
    S.
    -China trade talks pushed the dollar higher again, and copper prices weakened
    .
    Today's focus on domestic April trade data, if the data is positive, it is expected to promote copper prices in the short term, but due to the macro sentiment is bearish, the overall weakening of copper prices is difficult to change, and it is expected that London copper will be difficult to break the 5-day moving average
    above today.

    European and American stock markets fell across the board on Tuesday, the Dow hit its biggest one-day decline in more than four months, hitting market sentiment, overnight London copper fell under pressure, the latest closing quotation of 6162 US dollars / ton, down 81 US dollars, or 1.
    31%, the volume of 26577 hands increased by 11768 lots, and the position 287737 decreased by 5610 lots
    .

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