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June 1 Shanghai copper afternoon review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Boosted by a lower dollar and rising oil prices, Shanghai copper ended up 140 yuan in the evening, Chile's copper production fell year-on-year in April, and potential supply threats continued to provide support.

Shanghai copper

Yesterday coincided with the British spring bank holiday, the LME market closed without data update, today resumed trading, as of 9:00 Beijing time the latest quotation of 10320.
5 US dollars / ton, up 46 US dollars, or 0.
45%.

In terms of inventories, the London Metal Exchange (LME) reported 122425 tonnes of London copper on May 28, down 1,325 tonnes, or 1.
07%,
from the previous trading day.

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