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August 26 London Copper Afternoon Review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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precious metal exchange

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London copper afternoon commentary: China's economic stimulus measures are favorable to the copper market, and London copper closed up 1.
45% overnight to return to a two-week high; The domestic property market is again facing a heavy new policy, copper prices are supported by low inventories and rumors of a squeeze, and copper is expected to rise
today.

London copper

China's economic stimulus measures are good for the copper market, will continue to drag infrastructure construction projects and boost copper demand, offset concerns about the Federal Reserve's interest rate hike and slowing economic growth, overnight London copper shock climbed back to a two-week high, the latest closing quotation of 8143 US dollars / ton, closed up 116 US dollars, or 1.
45%, the volume of 11253 lots decreased 2026 lots, and the position 247391 increased by 2649 lots
.
In the evening, Shanghai copper ran at a high level, and the latest closing price of the main monthly 2210 contract was 63160 yuan / ton, up 540 yuan, or 0.
86%.

The London Metal Exchange (LME) reported its latest stocks of London copper on August 25 at 122125 metric tons, down 1,150 metric tons, or 0.
93%,
from the previous trading day.

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