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London copper afternoon commentary: the market expects the Fed to tighten monetary policy, and London copper continued to fall 2.
11% overnight; The EU's cancellation of Russia's most-favored-nation status hit market sentiment, coupled with the recovery of domestic and foreign copper stocks, copper is expected to fall
today.
The market expects the Fed to tighten monetary policy, risk aversion heating up again, overnight London copper weak shock, the latest closing quotation of 9887 US dollars / ton, closed down 213 US dollars, down 2.
11%, the volume of 15585 lots decreased 7197 lots, the position of 254416 lots increased by 292 lots
.
In the evening, Shanghai copper ran weakly, and the latest closing price of the main monthly 2204 contract was 71380 yuan / ton, down 630 yuan, or 0.
87%.
The London Metal Exchange (LME) reported its latest stock of London copper at 78,000 metric tons on March 14, an increase of 3,800 metric tons, or 5.
12%,
from the previous trading day.
