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August 25 London Copper noon review

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

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London copper afternoon commentary: crude oil futures performed strongly, overnight international metals rose, London copper closed up 1.
29%; There is still the possibility of strikes in some copper mines in Chile, and the global supply of recycled copper and refined copper is tight, and copper prices are expected to rise
today.

London copper

Crude oil futures performed strongly, the success of oil consuming countries to control the epidemic boosted optimistic expectations of demand recovery, and a fire on an oil platform in Mexico led to large-scale production interruptions, overnight copper shock consolidation, the latest closing quotation of 9358 US dollars / ton, closed up 120 US dollars, or 1.
29%, the volume of 14711 lots decreased by 3912 lots, and the position 278076 increased by 85 lots
.
In the evening, Shanghai copper ran at a high level, and the latest closing price of the main monthly 2110 contract was 69110 yuan / ton, up 610 yuan, or 0.
89%.

The London Metal Exchange (LME) reported 254775 metric tons of London copper on August 24, down 25 metric tons, or 0.
0098%,
from the previous session.

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