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February 16 London Copper Afternoon Review

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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London copper afternoon commentary: the recovery of market risk appetite pushed European and American stock markets up, and London copper closed up 1.
25% overnight; Peru reopened the blockade, domestic copper smelter production declined, supply and demand are now weak, copper is expected to rise
slightly today.

London copper

The recovery of market risk appetite pushed European and American stock markets to rise, overnight London copper ran strongly, the latest closing quotation of 9974 US dollars / ton, closed up 123 US dollars, or 1.
25%, the trading volume of 10444 hands decreased 4412 lots, and the position volume 260337 decreased by 2656 lots
.
In the evening, Shanghai copper opened high, and the latest closing price of the main monthly 2203 contract was 71410 yuan / ton, up 540 yuan, or 0.
76%.

The London Metal Exchange (LME) reported its latest stock of London copper at 70,125 metric tons on February 15, down 2,100 metric tons, or 2.
91%,
from the previous trading day.

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