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June 3 London Copper Afternoon Review

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

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Concerns about weakening demand in China weighed on the market, with London copper closing down more than 1.
2% overnight, copper mine supply tightness expected to ease in the second half of the year, and the recent slowdown in overseas inventories, which is now a sharp drop today
.

London copper

Investors took profits, and concerns about weaker demand in China dragged down the market, and London copper continued to decline overnight, with the latest closing quotation of 10114 US dollars / ton, down 125 US dollars, or 1.
23%, the volume of 10564 lots decreased by 7896 lots, and the position 314865 increased by 3645 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 123,350 tonnes of London copper on June 2, an increase of 2,650 tonnes, or 2.
20%,
from the previous trading day.

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