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    Home > Chemicals Industry > New Chemical Materials > July 28 London Morning Review

    July 28 London Morning Review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Overnight, the border tax died after the "death delay" of medical reform, Trump's new policy suffered a heavy setback, yesterday London copper as expected overall showed a shock consolidation trend, the rally tends to slow down, opened at 6314.
    5 US dollars / ton, after the opening copper price slightly soared to around 6350 US dollars / ton but then fell back, around the daily moving average oscillation
    。 During the European and American hours, the center of gravity of copper prices has risen, wanting to hit 6380 US dollars / ton upwards but the power is insufficient, after the unsuccessful copper price has been tested all the way down to around 6300 US dollars / ton, but the lower 6300 US dollars / ton position support is obvious, copper prices quickly rebounded, and finally closed at 6320 US dollars / ton, up 13.
    5 US dollars / ton
    .

    London copper

    In terms of the market, as of July 27, the spot price of London copper was 6238 US dollars / ton, which was 31.
    25 US dollars / ton discount from the March contract; The actual ratio of Shanghai copper spot to London copper spot was 7.
    89 (import ratio was 7.
    99), and the import loss was 415 yuan / ton; The actual ratio of the Shanghai Copper Lian 3 contract to the London copper March contract was 7.
    95 (the import ratio was 7.
    99), and the import loss was 251 yuan / ton
    .

    In terms of news, the monthly rate of durable goods orders in the United States exceeded expectations, the market turned optimistic about the recovery of the US economy, but the US dollar index continued to be weak or dragged down the momentum of economic growth, overnight London copper showed a narrow range of intensification, once down to $6300 support, overall basically flat at the high level in two years, London copper is expected to maintain a high narrow range
    .

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