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September 7 London Copper Afternoon Review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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London copper afternoon commentary: the US dollar soared and once updated a 20-year high, and the London copper finishing fell slightly by 0.
1% overnight; China's stimulus supports metal demand, and inventories remain tight, and copper is expected to rise or fall only today
.

London copper

The dollar soared to a two-decade high, benefiting from the expectation of aggressive tightening of monetary policy by major central banks, and further suppressed metal prices, thereby suppressing metal demand prospects, overnight copper highs retreated, late finishing closed small negative, the latest closing quotation of 7666 US dollars / ton, closed down 8 US dollars, or 0.
10%, the volume of 11871 lots increased by 2860 lots, and the position 248071 decreased by 1071 lots
.
In the evening, Shanghai copper ran strongly, and the latest closing price of the main monthly 2210 contract was 61260 yuan / ton, up 320 yuan, or 0.
53%.

The London Metal Exchange (LME) reported its latest stock of London copper at 106,000 metric tons on September 06, down 2,450 metric tons, or 2.
26%,
from the previous trading day.

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