December 13 London Morning Review

In terms of the market, as of December 12, the spot price of London copper was 6548 US dollars / ton, which was 35.
5 US dollars / ton discount to the March contract; The actual ratio of Shanghai copper spot to London copper spot was 7.
85 (import ratio was 7.
85), and the import loss was 56 yuan / ton; The actual ratio of the Shanghai copper 3 contract to the London copper March contract was 7.
84 (the import ratio was 7.
85), and the import loss was 81 yuan / ton
.

Overnight copper inventories continued to fall, supporting copper prices to maintain a rebound, the previous day's import and export data was digested positively, the dollar continued to rise, the US index has stood above 94, putting pressure on base metals, focusing on the Fed's interest rate hike decision
in the early hours of tomorrow morning.
It is expected that today's London copper range is 6640~6695 US dollars / ton
.