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September 15 London Copper Afternoon Review

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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London copper afternoon commentary: US inflation data is less than expected, London copper closed down $103 overnight; Chilean copper mine strike threat subsided, raw material tension eased, domestic refined copper smelting and processing fees continued to rise, copper prices are expected to fall
today.

London copper

U.
S.
inflation data was smaller than expected, thereby easing investors' concerns about the Fed's tapering of bond purchases, and the weakness of London copper continued overnight, with the latest closing quotation of $9432 / ton, closing down $103, or 1.
09%, with a volume of 14,724 lots down 5,926 lots and a 2,349 261925 lot less positions
.
In the evening, the trend of Shanghai copper weakened, and the latest closing price of the main monthly 2110 contract was 69630 yuan / ton, down 690 yuan, or 0.
98%.

The London Metal Exchange (LME) reported its latest stock of London copper at 235,950 metric tons on September 14, down 4,400 metric tons, or 1.
83%,
from the previous trading day.

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