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London copper afternoon commentary: U.
S.
stocks fell bearish sentiment, London copper closed down 1.
11% overnight; Chilean copper mine production in the third quarter rose month-on-month, the end of the domestic peak season will be the downstream consumption margin weakened, the transaction is weak, copper or slightly down
.
U.
S.
stocks fell bearish sentiment, the macro market is still uncertain, the current economic situation will continue to damage the earnings of major enterprises to a greater extent, thereby weakening the market demand for metals, overnight London copper low volatility, the latest closing quotation of 7365 US dollars / ton, closed down 83 US dollars, down 1.
11%, the volume of 14886 hands decreased 3033 lots, the position 237529 decreased by 4016 lots
.
In the evening, Shanghai copper rushed back down, and the weak operation closed slightly negative at night, and the latest closing price of the main month 2211 contract was 62120 yuan / ton, down 90 yuan, or 0.
14%.
The London Metal Exchange (LME) reported its latest stock of London copper at 139,000 metric tons on October 19, down 4,825 metric tons, or 3.
35%,
from the previous trading day.
