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November 8 London Copper Afternoon Review

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

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London copper afternoon commentary: The US stock market climbed to a record high, and the next week London copper performed strongly, closing up $91; Domestic copper concentrate processing fees have declined, domestic inventory warehouse receipts have decreased, market sentiment is good, and spot copper prices are expected to rise
today.

London copper

The U.
S.
stock market climbed to a record high, as the United States released strong non-farm payrolls data, coupled with the significant effect of Pfizer's new crown oral drug, boosted the stock price upward, the next week London copper performance was strong and volatile, the latest closing quotation of 9504 US dollars / ton, closed up 91 US dollars, or 0.
97%, the volume of 12069 hands decreased by 2421 lots, and the position 262125 decreased by 324 lots
.
Shanghai copper fluctuated higher on Friday night, and the latest closing price of the main monthly 2112 contract was 70170 yuan / ton, up 670 yuan, or 0.
96%.

The London Metal Exchange (LME) reported its latest stock of London copper at 122,600 metric tons on November 5, down 800 metric tons, or 0.
65%,
from the previous trading day.

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