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September 24 London Copper noon review

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

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London copper afternoon commentary: the Fed raised interest rate concerns again, and London copper closed down $18 overnight; Copper inventories at home and abroad are on a downward trend, and Malaysia's increase in scrap copper import standards has aggravated supply constraints, and copper is expected to rise
today.

London copper

The Fed's early interest rate hike means that the liquidity margin released tightened, which revived concerns, and copper fluctuated lower overnight, with the latest closing quotation of $9279 / ton, closing down $18, or 0.
19%, with a volume of 13,273 lots down 5,282 lots and an increase of 1,091 lots 259373 holdings
.
In the evening, the Shanghai copper shock rebounded, and the latest closing price of the main monthly 2110 contract was 69040 yuan / ton, up 220 yuan, or 0.
32%.

The London Metal Exchange (LME) reported 226025 tonnes of London copper on September 23, down 3,700 tonnes, or 1.
61%,
from the previous session.

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