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    Home > Chemicals Industry > New Chemical Materials > September 21 London Morning Review

    September 21 London Morning Review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Overnight, London copper opened at 6537.
    5 US dollars / ton, after the opening of the overall center of gravity of copper prices moved up, once reached a high of 6584 US dollars / ton in the afternoon, but affected by the increase in inventory of more than 10,000 tons, bears entered the market to suppress copper prices, copper prices fell to 6537 US dollars / ton
    .
    In Europe and the United States, copper prices fell sharply, to the low of the day of 6506 US dollars / ton, the center of gravity at the end of the session was revised upward, and finally closed at 6535 US dollars / ton, up 1.
    5 US dollars / ton, the transaction decreased 794 lots to 12601, and the position decreased by 11520 to 351,000 lots
    .

    London copper

    In terms of the market, as of September 20, the spot price of London copper was 6492 US dollars / ton, a discount of 50.
    75 US dollars / ton compared with the March contract; The actual ratio of Shanghai copper spot to London copper spot was 7.
    74 (import ratio was 7.
    77), and the import profit was 184 yuan / ton; The actual ratio of Shanghai copper 3 contract to London copper March contract was 7.
    78 (import ratio was 7.
    77), and the import profit was 34 yuan / ton
    .

    Yesterday's copper price rise is mainly driven by aluminum, zinc strong, the position of Lun copper fell 10,000 hands for short short closing left, the internal night decline for the short position downward, technical 6500 slightly supported, today pay attention to the impact of the dollar on the price and the surrounding varieties.

    It is expected that the London copper range is 6495~6550 US dollars / ton
    .

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