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    Home > Chemicals Industry > New Chemical Materials > September 26 London Morning Review

    September 26 London Morning Review

    • Last Update: 2022-12-07
    • Source: Internet
    • Author: User
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    Overnight, the trend of London copper remained weak, and the overall trend was volatile to the downside
    .
    In the morning, London copper opened at 6485.
    5 US dollars / ton, and the early wave of the session slightly pulled up to 6510.
    5 US dollars / ton, but the subsequent was obviously dragged down by black, the upward momentum was insufficient, and the disk continued to fall
    .
    In Europe and the United States, to the intraday low of 6435.
    5 US dollars / ton, the end of the session closed
    slightly higher.
    The final close was 6462.
    5 US dollars / ton, down 14 US dollars / ton, the transaction decreased by 5578 to 10423, and the position decreased by 1487 to 345,000
    .

    London copper

    In terms of the market, as of September 25, the spot price of London copper was $6,405/ton, a discount of $41.
    25/ton over the March contract; The actual ratio of Shanghai copper spot to London copper spot was 7.
    82 (import ratio was 7.
    81), and the import profit was 370 yuan / ton; The actual ratio of the Shanghai copper 3 contract to the London copper March contract was 7.
    81 (the import ratio was 7.
    81), and the import profit was 12 yuan / ton
    .

    Overnight market performance is relatively flat, due to the US-North Korea relationship failed to completely release risk aversion, coupled with concerns about Chinese demand and the continued strengthening of the US dollar, copper prices rebounded slowly, but the overall performance stabilized, overnight London copper showed sideways operation, short-term failed to rebound higher, the upper 5-day moving average significantly suppressed gains, London copper is expected to be stable in the short term
    .

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