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London copper afternoon commentary: The Fed's hawkish comments helped the strong dollar, and London copper closed down 0.
58% overnight; Overseas demand is still not optimistic, China's refinery profits are still at a high level, production capacity continues to be released, and copper is expected to fall
today.
The Fed's hawkish comments helped the strong dollar, coupled with the Asia-Pacific geopolitical tensions, overnight London copper shock weak finishing, the latest closing quotation of 7710 US dollars / ton, closed down 45 US dollars, down 0.
58%, the volume of 14341 hands decreased 1610 lots, the position 232974 lot decreased 856 lots
.
In the evening, the Shanghai copper market first rose and then declined, and the shock closed down, and the latest closing price of the main month 2209 contract was 59310 yuan / ton, down 740 yuan, or 1.
23%.
The London Metal Exchange (LME) reported its latest stock of London copper at 130,250 metric tons on August 3, down 725 metric tons, or 0.
55%,
from the previous trading day.
