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    Home > Chemicals Industry > New Chemical Materials > June 14 London Copper Afternoon Review

    June 14 London Copper Afternoon Review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    London copper afternoon commentary: the Fed or aggressive interest rate hike, London copper closed down 1.
    17% overnight; Rising geopolitical risks, downward pressure on the domestic economy weakened metal consumption expectations, and cautious market sentiment is expected to continue to decline today
    .

    London copper

    The market expects high inflation to prompt the Fed to accelerate or aggressively raise interest rates, this week is likely to raise interest rates by 50 basis points, and even some institutions expect a 75 basis point rate hike, which helped the dollar climb sharply on Monday, once hitting a new high since 2002 to 105.
    29, overnight London copper shock downward, the latest closing quotation of 9325 US dollars / ton, closed down 110 US dollars, down 1.
    17%, the volume of 18510 lots increased 5999 lots, the position 235229 increased 384 lots
    。 In the evening, Shanghai copper opened low and weakly operated, and the latest closing price of the main monthly 2207 contract was 71440 yuan / ton, down 510 yuan, or 0.
    71%.

    The London Metal Exchange (LME) reported 117975 tonnes of copper on June 11, up 225 tonnes, or 0.
    19%,
    from the previous session.

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