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September 20 London Copper noon review

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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London copper afternoon comment: The record low housing value in the United States in August dampens market confidence, and London copper closed down 0.
48% overnight; Inventories remain tight, but downstream consumption has not shown peak season characteristics, focusing on the Fed meeting, copper is expected to hold steady
.

London copper

The record low housing value in the United States in August dampened market confidence, because housing construction is the main consumer sector of copper metal, which greatly suppressed metal demand, overnight London copper low volatility, the latest closing quotation of 7772 US dollars / ton, closed down 38 US dollars, down 0.
48%, the volume of 9197 hands decreased 6061 lots, the position 247987 lot decreased 1073 lots
.
In the evening, Shanghai copper was weak and volatile, and the latest closing price of the main monthly 2210 contract was 62270 yuan / ton, down 300 yuan, or 0.
48%.

The London Metal Exchange (LME) reported 105075 metric tons of London copper on September 17, an increase of 3,075 metric tons, or 3.
01%,
from the previous trading day.

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