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October 18 London Copper Afternoon Review

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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During last night's European session, London copper consolidated at a low level, competing for the $5,700 / ton position
.
After entering the US session, copper prices began to show signs of rebound, copper price center of gravity first moved up to around 5820 US dollars / ton, sideways after continuing to rise, testing 5737.
5 US dollars ton, copper prices fell slightly at the end of the session, and finally London copper closed at 5721.
5 US dollars / ton, down 0.
93%, trading volume 17,000 lots, position decreased by 4504 lots to 279,000 lots
.

London copper

The CSPT team finalized the price of TC flooring in the fourth quarter to be 66 US dollars / ton, an increase of about 20% from the previous quarter, and the short-term TC has a recovery trend, but the current supply of copper concentrate and copper scrap is still tight
.

The dollar index fell for the third day in a row on Thursday, falling to a two-month low, and copper rose overnight, with the latest closing quotation of $5,749 / ton, up $27, or 0.
48%, with a volume of 13,531 lots down 3,353 lots and a 1,054 288241 lot decline
.

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