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October 21 London Copper Afternoon Review

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

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London copper afternoon commentary: the US dollar fell to boost industrial metal prices, overnight London copper ran strong to close up 2.
29%; Domestic spot supply is becoming increasingly tight to support copper prices, and downstream procurement sentiment has increased, and copper may rise
.

London copper

The fall of the US dollar boosted industrial metal prices, driving the market risk appetite to heat up, overnight London copper volatility rose, the end of the day closed in the sun, the latest closing quotation of 7534 US dollars / ton, closed up 169 US dollars, or 2.
29%, the volume of 18315 lots increased by 3429 lots, and the position volume of 237350 decreased by 179 lots
.
In the evening, Shanghai copper jumped high and rose, and the latest closing price of the main monthly 2211 contract was 63220 yuan / ton, up 1050 yuan, or 1.
69%.

The London Metal Exchange (LME) reported its latest stock of London copper at 136,700 metric tons on October 20, down 2,300 metric tons, or 1.
65%,
from the previous trading day.

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