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London copper afternoon commentary: the Fed's interest rate hike expectations declined, and London copper closed up 1.
24% the next week; Overseas mine interference continues, domestic downstream enterprises' procurement enthusiasm has rebounded slightly, and the demand for new energy sectors is strong, and copper is expected to rise
today.
Fed rate hike expectations declined, according to CME "Fed Watch", the probability of the Fed raising interest rates by 100 basis points by July fell further to 20.
1%, negative for the US index
.
The next week, London copper was strongly volatile, the latest closing quotation of 7390 US dollars / ton, closed up 91 US dollars, or 1.
24%, the volume of 17905 lots increased by 5786 lots, and the position volume of 231510 hands decreased by 102 lots
.
On Friday evening, Shanghai copper opened high, and the latest closing price of the main monthly 2208 contract was 57220 yuan / ton, up 960 yuan, or 1.
71%.
The London Metal Exchange (LME) reported 133925 metric tons of London copper on July 22, an increase of 375 metric tons, or 0.
28%,
from the previous trading day.