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    Home > Chemicals Industry > New Chemical Materials > November 7 London Copper Afternoon Review

    November 7 London Copper Afternoon Review

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    London copper afternoon commentary: The US dollar exchange rate plummeted, and the next week London copper rose more than 7%, the largest one-day increase since 09; Copper may rise
    today due to the disruption of supply from major overseas copper mines and rising metal imports in China.

    London copper

    The US dollar exchange rate plummeted, falling nearly 2%, the largest one-day percentage decline since November 2015, giving the metal market a shot in the arm, the outer metal was generally red, the next week Lun copper strong trend led the nonferrous color, the end of the day closed sharply to record the largest one-day increase since January 2009, the latest closing quotation of 8133 US dollars / ton, closed up 568 US dollars, or 7.
    51%, the volume of 40561 hands increased by 22333 lots, the position 233562 decreased by 471 lots
    。 On Friday night, Shanghai copper gapged to open higher, and the latest closing price of the main monthly 2212 contract was 66360 yuan / ton, up 2800 yuan, or 4.
    41%.

    The London Metal Exchange (LME) reported its latest stock of London copper at 88,600 metric tons on November 4, down 5,375 metric tons, or 5.
    72%,
    from the previous trading day.

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