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October 11 London Copper Afternoon Review

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

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London copper afternoon commentary: US copper supply was interrupted, London copper closed up 1.
64% overnight; Domestic and foreign spot premiums are on the high side, the domestic market supply is still tight and the demand side is boosted by infrastructure, and copper may rise
.

London copper

The interruption of U.
S.
copper supply led to a rise in U.
S.
copper rod premiums, and overnight copper fluctuated higher, with the latest closing quotation of $7585 / ton, closing up $123, or 1.
64%, with a volume of 17,335 lots increasing by 6,859 lots, and a position of 237,320 lots decreasing by 1,303 hands
.
In the evening, Shanghai copper ran high, and the latest closing price of the main monthly 2211 contract was 62160 yuan / ton, up 860 yuan, or 1.
40%.

The London Metal Exchange (LME) reported its latest stocks of London copper on October 8 at 143775 metric tonnes, flat
from the previous session.

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