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November 24 London Copper Afternoon Review

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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metals market today

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London copper afternoon commentary: oil prices continued to rise, overnight London copper closed up $57; The inventory of the world's three major exchanges fell significantly, the Peruvian copper mine dispute reappeared, market supply concerns were rekindled, copper prices were supported, and copper may rise
slightly today.

London copper

Oil prices continued to rise, overnight London copper volatility was strong, the latest closing quotation of 9729 US dollars / ton, closed up 57 US dollars, or 0.
59%, the volume of 12149 hands increased by 1533 lots, the position 254906 increased by 269 lots
.
In the evening, Shanghai copper was strongly volatile, and the latest closing price of the main monthly 2201 contract was 71260 yuan / ton, up 290 yuan, or 0.
41%.

The London Metal Exchange (LME) reported its latest stock of 81,600 metric tons of London copper on November 23, down 4,925 metric tons, or 5.
69%,
from the previous trading day.

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