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September 16 London Copper noon review

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

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London copper afternoon commentary: oil prices rebounded to a two-month high, and London copper closed up $176 overnight; Domestic August data continued to cool, there was demand for replenishment downstream before the holiday, and import trading activity rebounded, and copper prices are expected to rise
today.

London copper

Oil prices rebounded to a two-month high, in the U.
S.
government report showed that crude oil inventories fell more than expected boosted the surge in oil prices, overnight London copper shock closed positive, the latest closing quotation of 9608 US dollars / ton, closed up 176 US dollars, or 1.
87%, the volume of 13807 lots decreased 917 lots, the position 257414 lots decreased 4511 lots
.
In the evening, Shanghai copper was strongly volatile, and the latest closing price of the main monthly 2110 contract was 70540 yuan / ton, up 760 yuan, or 1.
09%.

The London Metal Exchange (LME) reported its latest stock of London copper at 234,000 metric tons on September 15, down 1,950 metric tons, or 0.
83%,
from the previous trading day.

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