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July 29 London Copper Afternoon Review

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

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London copper afternoon commentary: the weakening of the US dollar is good for metals, overnight London copper closed up 1.
1%; In the first half of the year, global copper inventories rose, and downstream demand was still not optimistic, but expectations of favorable domestic policies supported consumption, and copper is expected to rise
slightly today.

London copper

The US dollar weakened positive for metals, overnight London copper ran strongly, the latest closing quotation of 7739 US dollars / ton, closed up 84 US dollars, or 1.
10%, the volume of 16375 lots increased by 690 lots, and the position of 232390 lots decreased by 302 lots
.
In the evening, Shanghai copper was strongly volatile, and the latest closing price of the main monthly 2209 contract was 59700 yuan / ton, up 580 yuan, or 0.
98%.

The London Metal Exchange (LME) reported its latest stock of London copper at 131,700 metric tons on July 28, down 800 metric tons, or 0.
60%,
from the previous trading day.

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