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October 27 London Copper Afternoon Review

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

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London copper afternoon commentary: the Fed's hawkish stance softened to fuel the heating up of risk appetite, and London copper closed up 3.
37% overnight; The domestic economy is resilient and dynamic, while copper fundamentals are good to support prices upward, and copper may rise
.

London copper

The Fed's hawkish stance softened to fuel the rise in risk appetite, driving non-ferrous metals higher, and the dollar and U.
S.
Treasury yields were dragged down by its weak trend, overnight London copper ran strongly, closing sharply higher at the end of the day, the latest closing quotation of 7770 US dollars / ton, closing up 254 US dollars, or 3.
37%, the volume of 21218 lots increased by 8615 lots, and the position 236838 increased by 43 lots
.
In the evening, Shanghai copper opened high and strong, and the latest closing price of the main monthly 2212 contract was 63680 yuan / ton, up 900 yuan, or 1.
43%.

The London Metal Exchange (LME) reported 130,800 metric tons of London copper on October 26, down 3,600 metric tons, or 2.
68%,
from the previous trading day.

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