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March 2 London Copper afternoon review

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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precious metal exchange

american metal exchange

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Manufacturing activity in Europe and the United States continued to expand, with London copper closing up $31 overnight, analysts expecting more copper concentrate inflows, supply tightness may ease, and copper is expected to fall
today.

London copper

Eurozone February manufacturing PMI hit a three-year high, the US February ISM manufacturing index hit the largest expansion rate in about three years, overnight London copper strong operation, the latest closing quotation of 9031 US dollars / ton, up 31 US dollars, or 0.
34%, the volume of 16792 lots decreased 14420 lots, the position 333544 lots decreased 6199 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 74,200 tonnes of London copper on March 1, down 2,025 tonnes, or 2.
66%,
from the previous trading day.

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