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    Home > Chemicals Industry > New Chemical Materials > August 11 London Afternoon Review

    August 11 London Afternoon Review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    London copper afternoon commentary: The US inflation slowed more than expected in July, and London copper closed up 1.
    54% overnight; China has stepped up its efforts to implement a prudent monetary policy, and the decline in refined copper social inventories has supported copper prices, and copper is expected to rise
    today.

    London copper

    The slowdown in inflation in the United States in July was more than expected, which boosted expectations that the Fed's current round of interest rate hike cycle was not as aggressive as previously expected, and the overnight copper shock was strong, the latest closing quotation of 8078 US dollars / ton, closed up 123 US dollars, or 1.
    54%, the trading volume of 16363 lots increased by 4271 lots, and the position 241948 increased by 1360 lots
    .
    In the evening, Shanghai copper ran strongly, and the latest closing price of the main monthly 2209 contract was 61870 yuan / ton, up 520 yuan, or 0.
    85%.

    The London Metal Exchange (LME) reported 126525 tonnes of London copper on August 10, down 450 tonnes, or 0.
    35%,
    from the previous session.

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