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    Home > Chemicals Industry > New Chemical Materials > July 18 London Morning Review

    July 18 London Morning Review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Yesterday, China released a series of economic data such as GDP for the second quarter
    .
    The market bullish sentiment is high, London copper opened at 5926 US dollars / ton, after the release of China's series of data, it will start an upward trend, step up to 5985 US dollars / ton
    .
    During the European and American sessions, bulls increased their positions to attack the $6,000 / ton mark, touching as high as $6,022 / ton
    .
    It closed at $6,000/mt and closed at $6,004.
    5/mt, up $76.
    5/mt
    .
    Up 1.
    29%.

    London copper has touched the Bollinger Bands, and as the Bollinger band opening expands, it is expected to remain high and volatile
    due to high market risk sentiment.
    The range is 5980-6030 US dollars / ton
    .

    London copper

    In terms of news, the better-than-expected economic data for the second quarter released yesterday and maintained strong momentum, which affected the copper market sharply, in addition, bad weather in Chile has affected the relevant copper mining
    .
    LME copper was slightly volatile after the Asian market close, and the price rose sharply again to $6022.
    5 in the evening, and the price fell slightly after the early hours of the morning, closing at $6004.
    5, up $76.
    5, or 1.
    29%.

    In terms of the market, as of July 17, the spot price of London copper was $5,661/ton, a discount of $20.
    75/ton over the March contract; London copper stocks were 309,100 tons, down 4,175 tons from the previous day; copper stocks in the previous period were 59,100 tons, an increase of 1,683 tons from the previous day; measured by the closing price of Shanghai copper, the actual ratio of Shanghai copper 3 contract to London copper March contract was 7.
    99 (import ratio was 8.
    02), and the import loss was 16 yuan / ton
    .

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