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    Home > Chemicals Industry > New Chemical Materials > June 19 London Morning Review

    June 19 London Morning Review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Overnight, London copper opened at 5668 US dollars / ton
    .
    At the beginning of the Asian session, the copper rushed to 5700.
    5 US dollars / ton, and after the pressure of the moving average group, the pressure fell sharply, and then returned to rise under the support of the 40-day moving average, and the evening fluctuated around the daily moving average in a wide range, closing at 5673 US dollars / ton, down 1 US dollar / ton, the position decreased 972 hands to 349331 lots, and the trading volume decreased 4906 hands to 11132 lots
    .
    Overnight London copper repeated between the 20 and 40-day moving averages, the upper moving average gathered in the session, the resistance is large, and it is expected to test the 40-day line support within the day, and the operating range is 5655~5690 US dollars / ton
    .

    London copper

    In terms of the market, as of June 16, the spot price of London copper was 5661 US dollars / ton, which was 24.
    75 US dollars / ton discount from the March contract; London copper stocks were 268,500 tons, down 50 tons from the previous day; copper stocks in the previous period were 58,500 tons, an increase of 170 tons from the previous day; measured by the closing price of Shanghai copper, the actual ratio of Shanghai copper 3 contract to London copper March contract was 8.
    04 (import ratio was 8.
    07), and the import profit was 16 yuan / ton
    .

    London copper futures were largely flat in Asian markets on Monday and started the week quietly as the overall trend in financial markets did not provide direction guidance and potential inventory increases could limit prices
    .
    Three-month copper on the London Metal Exchange rose 0.
    04 percent to $5,665 a tonne, down nearly 1 percent
    on the previous day.
    LME copper oscillates between the 100 and 200-day moving averages at $5,778 and $5,512
    , respectively.

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