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January 10 London Copper Afternoon Review

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

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London copper afternoon commentary: the dollar fell, the next week London copper closed up 1.
17%; European energy problems have pushed the non-ferrous sector upward, global inventories are low, traders actively shipped back funds at the end of the year, and copper is expected to rise
slightly today.

London copper

The US non-farm payrolls data was less than expected and led to a decline in the US dollar, and the overnight London copper trend was firm, the latest closing quotation was 9674 US dollars / ton, closing up 112 US dollars, or 1.
17%, the volume of 10165 lots decreased by 4659 lots, and the position volume 247933 lots decreased by 4391 lots
.
In the evening, the trend of Shanghai copper was weak, and the latest closing price of the main monthly 2202 contract was 69850 yuan / ton, up 510 yuan, or 1.
74%.

The London Metal Exchange (LME) reported 84,775 metric tons of London copper on January 7, down 1,175 metric tons, or 1.
37%,
from the previous trading day.

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