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Overnight, London copper opened at 4625.
5 US dollars / ton, during the Asian session, the strong trend of crude oil drove copper prices to rise at a low level to touch 4646.
5 US dollars / ton, crossing the 5-day moving average after the pressure of the US dollar and falling, diving sharply in the afternoon; Entering the European session, by the continuous re-pressure of LME inventories, London copper re-tested the low, crude oil diving at night, the US dollar high suppressed, London copper bears pressured, copper prices fell back to 4600 US dollars / ton, the end of the slight rebound stabilized, and finally closed at 4609 US dollars / ton, down 11.
5 US dollars / ton
from the previous closing price.
Industry news: Chile's copper production in July was 447558 tons, continuing to fall 1.
5% year-on-year, as ore grades at some mines declined
.
In terms of stocks: as of August 30, LME copper stocks reported 283225 tons, a sharp increase of 11,650 tons from yesterday, an increase of six consecutive days, and a new high since October 21 last year;
Overnight, London copper first rose and then declined, touched the 5-day moving average near the diving situation is serious, inventory bearish is not exhausted, but the market reaction is weak, is expected to fluctuate
within 4600-4635 US dollars / ton.
![disodium 4,4'-bis[[4-anilino-6-[(2-carbamoylethyl)(2-hydroxyethyl)amino]-1,3,5,-triazin-2-yl]amino]stilbene-2,2'-disulphonate CAS NO 27344-06-5](https://file.echemi.com/fileManage/upload/cas/77/e1abc71f-648d-403c-93fe-69b5c9401d56.gif)
