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June 30 London Copper noon review

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

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Dragged down by the strengthening of the US dollar, London copper closed down $47 overnight; Production and operation of overseas mines remained stable, copper concentrate supply continued to loosen, and domestic scrap copper imports rebounded to stability.

London copper

The strong dollar dragged down copper prices, down 13% from the record high of $10,747.
50 per ton set in May, and copper fluctuated weakly overnight, with the latest closing quotation of $9,347 / ton, closing down $47, or 0.
51%, with a volume of 7,404 lots increasing by 4,533 lots and a decrease of 1,674 lots 315261 holdings
.

In terms of inventories, the London Metal Exchange (LME) reported 210,350 metric tons of London copper on June 29, down 575 metric tons, or 0.
27%,
from the previous trading day.

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