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London copper afternoon commentary: the dollar continued to brush highs, overnight London copper closed down $138; The Sino-US talks seem to have no good news, while the overall demand for domestic copper consumption is still weak, and the market sentiment is significantly sluggish, and copper is expected to fall
today.
The dollar continued to brush the high since July last year to 95.
97, as the US economic data boosted the dollar stronger, overnight London copper trend weak, the latest closing quotation of 9529 US dollars / ton, closed down 138 US dollars, down 1.
43%, the volume of 14779 lots increased by 4004 lots, the position 260156 decreased by 3411 lots
.
In the evening, Shanghai copper fluctuated weakly, and the latest closing price of the main monthly 2112 contract was 70,080 yuan / ton, down 740 yuan, or 1.
04%.
The London Metal Exchange (LME) reported its latest stock of London copper at 93,925 metric tons on November 16, down 1,775 metric tons, or 1.
85%,
from the previous trading day.