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    Home > Chemicals Industry > New Chemical Materials > September 4 London Copper morning review

    September 4 London Copper morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    On Friday, London copper opened at 6818 US dollars / ton, slowly moved down along the daily moving average after the open, fell to around 6800 US dollars / ton and then rose upward, it can be seen that there is support here, in the afternoon copper prices broke through the daily moving average, rebounded to a high of 6830 US dollars / ton, but the subsequent momentum was insufficient, falling to 6800 US dollars / ton around the shock operation
    .
    During the European and American sessions, copper prices fell diving to $6,780 / ton, but then rebounded upward, and a round of rally at the end of the session raised copper prices to $6,840 / ton
    .
    Closed at $6,846/ton, up $31/ton, trading minus 3,578 lots to 12,255, and positions increased by 3.
    90 to 339,000 lots
    .

    London copper

    In terms of the market, as of September 1, the spot price of London copper was 6792 US dollars / ton, which was 28.
    5 US dollars / ton higher than the March contract; The actual ratio of Shanghai copper spot to London copper spot was 7.
    71 (import ratio was 7.
    8), and the import loss was 370 yuan / ton; The actual ratio of the Shanghai copper 3 contract to the London copper March contract was 7.
    76 (the import ratio was 7.
    8), and the import loss was 270 yuan / ton
    .

    In terms of news, data released on Friday showed that Caixin China's manufacturing purchasing managers' index (PMI) was 51.
    6 in August, 0.
    5 percentage points higher than July, the highest in six months and the second highest in the year, indicating that the manufacturing boom continued to improve
    .
    This trend is the same as the
    official manufacturing PMI.
    The manufacturing PMI released by the National Bureau of Statistics in August was 51.
    7, up 0.
    3 percentage points
    from the previous month.

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