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London copper afternoon commentary: the dollar weakened, London copper closed up 0.
48% overnight; Russian metals will face LME sanctions to aggravate the supply shortage, domestic spot to maintain a tight situation, terminal enterprises to continue to stock enthusiasm, and copper is expected to rise
.
The dollar weakened, the market gradually digested the Fed's expectation of a rate hike in November, the Bank of England bond purchases helped the pound to recover, overnight London copper volatility was strong, the late shock closed small, the latest closing quotation of 7515 US dollars / ton, closed up 36 US dollars, or 0.
48%, the volume of 20263 lots decreased by 1188 lots, and the position 245105 decreased by 1075 lots
.
In the evening, Shanghai copper opened high and fell, and the night trading was strong to sort out the closing line, and the latest closing price of the main monthly 2211 contract was 60900 yuan / ton, up 120 yuan, or 0.
20%.
The London Metal Exchange (LME) reported its latest stock of London copper at 134,900 metric tons on September 29, an increase of 1,350 metric tons, or 1.
01%,
from the previous trading day.
