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December 17 London Copper Afternoon Review

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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London copper afternoon commentary: European stocks are higher, London copper closed up $221 overnight; Peru's largest copper mine halted production after failed talks to end the lockdown, and copper supply shrinking concerns supported a sharp rebound in copper prices, which are expected to rise
today.

London copper

Eurozone PMI performance is strong, manufacturing demand is good, monetary policy is still loose to boost risk appetite, so that European stocks higher, overnight London copper strong operation, the latest closing quotation of 9477 US dollars / ton, closed up 221 US dollars, up 2.
38%, the volume of 16203 lots decreased 5908 lots, the position 252644 increased by 3223 lots
.
In the evening, Shanghai copper ran at a high level, and the latest closing price of the main monthly 2201 contract was 69200 yuan / ton, up 1260 yuan, or 1.
85%.

The London Metal Exchange (LME) reported its latest stock of London copper at 89,475 metric tons on December 16, an increase of 825 metric tons, or 0.
93%,
from the previous trading day.

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