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August 25 copper market noon review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Copper market afternoon commentary: the global stock market rose to drive the market, overnight London copper shock closed up $27, LME inventory fell below 100,000 tons, domestic demand off-season effect is more obvious, today's copper material rise and fall limited
.

Copper City

Global stock markets rose, the US stock market rose to a record high, driving market sentiment, overnight London copper volatility is strong, the latest closing quotation of 6517 US dollars / ton, up 27 US dollars, or 0.
42%, the volume of 10961 lots decreased 6527 lots, the position 329638 lot decreased 1423 lots
.
In the evening, Shanghai copper opened high, and the latest closing price of the main month 2010 contract was 51320 yuan / ton, up 60 yuan, or 0.
12%.

LME stocks fell below 100,000 tonnes for the first time since 2007, indicating tight market supply; However, the off-season effect of domestic demand is more obvious, the current off-season has not completely ended, and today's spot copper prices are expected to rise and fall limited
.

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