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Overnight, London copper bottomed out, cutting some of the intraday declines, of which 3-month London copper fell 0.
75% to 4832 US dollars / ton, up 0.
96% from the intraday low of 4786 US dollars / ton, the current London copper continues to run at the intersection of moving averages, short-term trend is oscillating
.
In the past week, Luncopper's position has increased and decreased again, indicating that long-short trading has been repeated
.
Industry information: Oyu Tolgoi copper production fell 10.
3% quarter-on-quarter in the second quarter of this year, due to the impact of lower ore grade and lower recovery rate, the mine is expected to produce 175,000-195,000
tons of copper concentrate this year.
Stocks: LME copper stocks reported 209,300 tonnes as of Aug.
4, up 1,950 tonnes from yesterday, close to the low set on July 5 this year, but higher than the average inventory of 190,000 tonnes
for the year.
London Metal Exchange (LME) copper futures ended lower on Thursday as the dollar strengthened
after the Bank of England cut interest rates to an all-time low.
At 16:00 London time on August 4 (00:00 Beijing time on August 5), three-month copper closed down 0.
9% at $
4,831 a tonne.
![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)
