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July 15 London Copper Afternoon Review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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London copper afternoon commentary: a strong dollar weighed on metal prices, and London copper closed down 4% overnight to hit a 20-month low; Pessimism still dominates the market, the pattern of strong domestic supply and weak demand continues, and the downstream remains cautious, and copper is expected to continue to fall
today.

London copper

The strong dollar pressed metal prices, copper prices could not bear the pressure to increase, overnight London copper under pressure shock downward, the latest closing quotation of 7104 US dollars / ton, closed down 296 US dollars, down 4.
0% touched a 20-month low, the volume of 16591 hands decreased by 22769 hands, the position of 237880 hands increased by 425 hands
.
In the evening, Shanghai copper fluctuated weakly, and the latest closing price of the main monthly 2208 contract was 54820 yuan / ton, down 920 yuan, or 1.
65%.

The London Metal Exchange (LME) reported its latest stock of London copper at 129,250 metric tons on July 14, down 1,725 metric tons, or 1.
32%,
from the previous trading day.

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