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September 9 London Copper Afternoon Review

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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London copper afternoon commentary: tight supply supported metal prices, overnight London copper closed up 2.
98%; Chilean copper exports are expected to rise
today, while rising domestic imports and government initiatives to stimulate investment are also supporting the metal.

London copper

Despite the global economic downturn, the hawkish Fed insisted on raising interest rates, but the global spot copper supply still faces the risk of disruption, exacerbating supply tensions to support metal prices, overnight London copper strong trend, the latest closing quotation of 7850 US dollars / ton, closed up 227 US dollars, or 2.
98%, the volume of 15304 lots increased by 2258 lots, and the position 251944 increased by 2401 lots
.
In the evening, Shanghai copper opened higher, and the latest closing price of the main monthly 2210 contract was 61950 yuan / ton, up 990 yuan, or 1.
62%.

The London Metal Exchange (LME) reported 102725 metric tons of London copper on September 08, down 575 metric tons, or 0.
56%,
from the previous trading day.

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