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London copper afternoon commentary: the dollar fell to a four-week low, and London copper closed up $64 overnight; The disturbance in the main domestic producing areas continues to affect the production of refined copper, and copper stocks continue to decline, copper prices have strong support, and copper prices are expected to rise
today.
The dollar fell to a four-week low, due to the uncertainty of the Federal Reserve's policy, and the recent U.
S.
economic data was lower than expected, the dollar trend was sluggish, overnight London copper volatility higher, the latest closing quotation of $9400 / ton, closed up $64, or 0.
69%, the volume of 12650 lots decreased 1434 lots, and the position 269389 increased by 400 lots
.
In the evening, Shanghai copper opened low and then fluctuated higher, and the latest closing price of the main monthly 2110 contract was 69180 yuan / ton, up 340 yuan, or 0.
49%.
The London Metal Exchange (LME) reported its latest stock of London copper at 252,400 metric tons on September 2, down 325 metric tons, or 0.
13%,
from the previous trading day.
