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May 9 London Copper Afternoon Review

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

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London copper afternoon comment: The Fed's aggressive monetary tightening policy heated up risk aversion, and London copper closed down 0.
76% the next week; London copper inventories rebounded, domestic demand recovery was less than expected, copper prices are under pressure, copper is expected to fall
today.

London copper

The Fed's aggressive monetary tightening policy heated up risk aversion, affecting global stock markets fell sharply, and European currencies weakened due to concerns about regional economic growth, the market was full of pessimistic atmosphere, the next week London copper volatility lower, the latest closing quotation of 9388 US dollars / ton, closed down 72 US dollars, down 0.
76%, the volume of 14837 lots decreased 5658 lots, the position 254067 lot decreased 1302 lots
.
Shanghai copper fluctuated weakly on Friday night, and the latest closing price of the main monthly 2206 contract was 71910 yuan / ton, down 260 yuan, or 0.
36%.

The London Metal Exchange (LME) reported 170025 metric tons of London copper on May 6, an increase of 1,225 metric tons, or 0.
73%,
from the previous session.

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