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London copper afternoon commentary: The European Central Bank continued to loosen monetary policy, and London copper closed up $115 overnight; The overseas epidemic continues to ferment, the domestic manufacturing industry is less than expected, but the impact of power curtailment and dual control of energy consumption, it is expected that copper prices will rise and fall limited
.
The ECB believes that inflation will be much lower than the central bank's target in the next few years, so the ECB continued to loosen monetary policy, overnight London copper was strong shock, the latest closing quotation of 9535 US dollars / ton, closed up 115 US dollars, or 1.
22%, the volume of 18171 lots increased by 3298 lots, and the position of 270910 hands decreased by 3115 hands
.
In the evening, Shanghai copper fluctuated at a low level, and the latest closing price of the main monthly 2110 contract was 70110 yuan / ton, down 60 yuan, or 0.
09%.
The London Metal Exchange (LME) reported its latest stock of London copper at 253,000 metric tons on August 31, down 1,250 metric tons, or 0.
49%,
from the previous trading day.
