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November 9 London Copper Afternoon Review

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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London copper afternoon commentary: a weak dollar boosted commodity prices, London copper closed up 1.
32% overnight; Major overseas copper mines face supply disruptions triggering a surge in premiums, coupled with global exchange copper inventories still tight, copper may rise
.

London copper

The weakness of the US dollar boosted commodity prices, giving the impetus to rebound the entire non-ferrous sector recently, the overall sentiment of the market stabilized and warmed up, overnight London copper fluctuated upward, and closed sharply higher at the end of the day, the latest closing quotation of 8054 US dollars / ton, closing up 105 US dollars, or 1.
32%, the volume of 17747 hands decreased by 54 lots, and the position 243963 increased by 2077 lots
.
In the evening, the Shanghai copper gap opened high and ran strongly, and the latest closing price of the main month 2212 contract was 66340 yuan / ton, up 1010 yuan, or 1.
55%.

The London Metal Exchange (LME) reported its latest stock of London copper at 83,075 metric tons on November 8, down 1,475 metric tons, or 1.
74%,
from the previous trading day.

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