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    Home > Chemicals Industry > New Chemical Materials > October 17 London Morning Review

    October 17 London Morning Review

    • Last Update: 2022-12-07
    • Source: Internet
    • Author: User
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    Overnight, copper prices turned on the fury engine
    .
    London copper opened at 6890.
    5 US dollars / ton, slightly down 6855 US dollars / ton at the beginning of the session, copper prices began to rise sharply in the afternoon, five consecutive rounds of rally directly exceeded the 7100 US dollars / ton mark
    .
    In Europe and the United States, copper prices did not abate, copper prices continued to rise steadily, intraday to intraday high of 7177 US dollars / ton, and finally closed at 7130 US dollars / ton, up 237 US dollars / ton, the transaction increased by 17429 lots to 33816, and the position increased by 1646 to 346,000 hands
    .

    London copper

    In terms of the market, as of October 16, the spot price of London copper was 6858 US dollars / ton, which was 23 US dollars / ton discount to the March contract; The actual ratio of Shanghai copper spot to London copper spot was 7.
    6 (import ratio was 7.
    8), and the import loss was 1261 yuan / ton; The actual ratio of Shanghai copper 3 contract to London copper March contract was 7.
    8 (import ratio was 7.
    8), and the import profit was 2 yuan / ton
    .

    As China's economic data is good to drive optimistic demand, overnight London copper rose above $7,000 for the first time, once tested $7,200, the rally is obviously strong, the overall positive is obviously optimistic, the emergence of long funds to promote buying into the market, long confidence is obviously sufficient, it is expected that in the short term, London copper is expected to reach a new high
    .

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