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September 2 London Copper Afternoon Review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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London copper afternoon commentary: high interest rate hike expectations boosted the strong operation of the US dollar, and London copper fell by more than 3% overnight; The bearish atmosphere continues to put pressure on copper prices, coupled with the spread of the domestic epidemic to aggravate market concerns, copper is expected to fall
today.

London copper

High interest rate hike expectations boosted the strong operation of the dollar, investors' risk appetite fell sharply, the current copper has fallen 8.
7% from Friday's two-month high, overnight London copper was further shocked, the latest closing quotation of 7550 US dollars / ton, closed down 241 US dollars, down 3.
09%, the volume of 17158 hands decreased 7186 lots, the position 241962 lots decreased 4644 lots
.
In the evening, Shanghai copper continued to be weak, and the latest closing price of the main monthly 2210 contract was 59690 yuan / ton, down 1230 yuan, or 2.
02%.

The London Metal Exchange (LME) reported 114325 metric tons of London copper on September 01, down 4,175 metric tons, or 3.
52%,
from the previous trading day.

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