June 16 London Copper Afternoon Review

London copper afternoon commentary: U.
S.
stocks were higher, and London copper closed up 0.
66% overnight; There is still uncertainty in global copper mine supply, domestic copper concentrate imports have increased slightly, and market sentiment is cautious about on-demand procurement, and copper is expected to remain stable
today.

The Fed raised interest rates by 75 basis points as promised, but Powell said at the press conference that it would not be normalized, calming market sentiment, boosting the return of risk appetite, boosting U.
S.
stocks higher, overnight London copper strong volatility, the latest closing quotation of 9208 US dollars / ton, closed up 60 US dollars, or 0.
66%, the volume of 13735 hands decreased by 1060 lots, and the position 232457 lot decreased by 575 lots
.
In the evening, Shanghai copper opened low and weakly running, and the latest closing price of the main monthly 2207 contract was 70630 yuan / ton, down 380 yuan, or 0.
54%.

The London Metal Exchange (LME) reported 121525 metric tons of London copper on June 15, an increase of 1,650 metric tons, or 1.
38%,
from the previous trading day.