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September 8 London Copper noon review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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London copper afternoon commentary: the dollar strengthened, overnight London copper weak shock closed down 1.
24%; Copper prices are expected to fall slightly today, as domestic copper imports continued to
decline in August, with pent-up demand and pressure above copper prices.

London copper

Due to the strengthening of the US dollar after the Labor Day holiday in the United States, and the rise in inflation-adjusted yields, London copper fluctuated weakly overnight, the latest closing quotation of 9337 US dollars / ton, closed down 117 US dollars, or 1.
24%, the volume of 10689 lots increased by 4616 lots, and the position 266289 lot decreased by 2404 lots
.
In the evening, Shanghai copper fluctuated at a low level, and the latest closing price of the main monthly 2110 contract was 68970 yuan / ton, down 360 yuan, or 0.
52%.

The London Metal Exchange (LME) reported the latest stock of London copper on September 7 at 242,550 metric tons, down 8,150 metric tons, or 3.
25%,
from the previous trading day.

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