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September 11 London Afternoon Review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Lower global stock markets and oil prices dragged down commodity markets, with London copper closing down $126 overnight, LME copper inventories stopped falling and rebounded, and demand recovery in overseas markets slowed down, and copper fell today
.

London copper

On Thursday, the downward trend of LME copper stocks was suspended, with a slight increase of 2,550 tons to 75,975 tons, and the recovery of demand in overseas markets slowed down; In August, the operating rate of copper enterprises continued to decline month-on-month, electrolytic copper production gradually recovered, and the current demand did not see significant improvement, and spot copper prices are expected to fall
today.

At present, due to the repeated volatility of the US dollar index, copper prices also show a tangled shock pattern, but the current observation of the market premium quotation can still find that the current premium continues to maintain a relatively high position, coupled with the impact of the previous consumption off-season or gradually faded, so various influencing factors comprehensively, copper prices or temporarily maintain a volatile pattern
.

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