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September 23 London Copper Afternoon Review

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

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London copper afternoon commentary: oil prices continued to rise to a new high in nearly a week, and London copper rose more than 3% overnight; Global copper inventories have further declined, domestic reserves are lower than expected, and the dual-control policy continues to increase, and copper is expected to rise
today.

London copper

Oil prices continued to rise to a new one-week high, U.
S.
crude oil inventories fell to the lowest level in three years, fuel oil demand rose, overnight London copper was strong shock, the latest closing quotation of 9296 US dollars / ton, closed up 279 US dollars, or 3.
09%, the volume of 18555 hands increased by 2219 lots, and the position 258282 decreased by 1855 lots
.
In the evening, Shanghai copper fluctuated at a high level, and the latest closing price of the main monthly 2110 contract was 69080 yuan / ton, up 450 yuan, or 0.
66%.

The London Metal Exchange (LME) reported its latest stock of London copper on September 22 at 229725 metric tons, down 1,350 metric tons, or 0.
58%,
from the previous trading day.

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