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London copper afternoon commentary: the dollar rebounded to a new high, and London copper closed down $88 overnight; Domestic supply is less than expected, inventories are still at a low level, but the middle and lower reaches of consumer demand are not optimistic, and copper is expected to fall
slightly today.
The dollar rebounded to a new high, as the US CPI hit the largest increase in October, triggering interest rate hikes expected to be advanced, overnight London copper fluctuated downward, the latest closing quotation of 9480 US dollars / ton, closed down 88 US dollars, down 0.
92%, the volume of 12145 lots increased by 550 lots, and the position 261219 increased by 1861 lots
.
Shanghai copper fluctuated up and down in the evening, closing down at the end of the day, and the latest closing price of the main month 2112 contract was 70,040 yuan / ton, down 140 yuan, or 0.
20%.
The London Metal Exchange (LME) reported 106125 metric tons of London copper on November 10, down 3,425 metric tons, or 3.
13%,
from the previous trading day.
