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London copper afternoon commentary: oil prices continued to rise to drive the metal, the next week London copper closed up 1.
76% to hit a new high; Global copper smelting activity has declined, and the domestic recycled VAT tax reform has affected the supply of recycled copper in the short term, and copper may rise
today.
Russian crude oil imports or sanctions, oil prices soared to the 130 mark, superimposed on multiple factors to help oil prices, so that oil prices continued to rise to drive metals, the next week London copper high volatility, the latest closing quotation of 10600 US dollars / ton, closed up 183 US dollars, up 1.
76% to touch a new high, the volume of 25390 hands decreased by 13594 hands, the position 260021 increased by 233 hands
.
Shanghai copper opened higher on Friday night, and the latest closing price of the main monthly 2204 contract was 73980 yuan / ton, up 1240 yuan, or 1.
70%.
The London Metal Exchange (LME) reported 69,825 metric tons of London copper on March 4, down 1,550 metric tons, or 2.
17%,
from the previous trading day.
