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London copper afternoon commentary: the Fed still held a hawkish attitude, overnight London copper closed down 0.
2% to hit a new 9-month low; Chilean copper mines may break out of strikes, but domestic refined copper production rebounded month-on-month, and copper is expected to fall
slightly today.
The Fed still holds a hawkish attitude, still adheres to tightening monetary policy to control the surge in inflation, overnight London copper rushed back down to close in the small negative, the latest closing quotation of 8931 US dollars / ton, closed down 18 US dollars, down 0.
20% to touch a new 9-month low, the volume of 13365 hands decreased by 2310 lots, and the position 229867 increased by 388 lots
.
In the evening, Shanghai copper opened low, and the latest closing price of the main monthly 2207 contract was 68390 yuan / ton, down 280 yuan, or 0.
41%.
The London Metal Exchange (LME) reported 117025 tonnes of London copper on June 18, down 1,000 tonnes, or 0.
85%,
from the previous session.
