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London copper afternoon commentary: the Fed's hawkish exit boosted the dollar, and London copper closed down 1.
24% overnight; London copper inventories increased, domestic manufacturing data in March was poor, the epidemic limited terminal demand, and copper is expected to fall
slightly today.
The hawkish exit of the Federal Reserve boosted the dollar, making copper prices lose upward momentum, the market was worried about the slowdown in the US economy, overnight copper high under pressure downward, the latest closing quotation of 10303 US dollars / ton, closed down 129 US dollars, down 1.
24%, the volume of 12192 lots increased 229 lots, the position 260326 increased 2203 lots
.
In the evening, the Shanghai copper high fluctuated downward, and the latest closing price of the main monthly 2205 contract was 73550 yuan / ton, down 160 yuan, or 0.
22%.
The London Metal Exchange (LME) reported its latest stock of London copper at 94,925 metric tons on April 6, down 1,050 metric tons, or 1.
09%,
from the previous trading day.
