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May 12 London Afternoon Review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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London copper afternoon commentary: oil prices soared, overnight metal stopped falling and stabilized, London copper slightly rose 0.
07%; Domestic PPI is better than expected to provide a boost to economic development, the epidemic is gradually improving, market sentiment is warming up, and copper is expected to rise
today.

London copper

Ukraine interrupted one-third of Russian gas transmission, supply concerns helped oil prices soar 6%, overnight metal stopped falling and stabilized, London copper shock finishing closed in the sun, the latest closing quotation of 9282 US dollars / ton, slightly up 7 US dollars, or 0.
07%, the volume of 13610 lots decreased by 2433 lots, and the position volume 249564 increased by 1411 lots
.
In the evening, Shanghai copper gap opened low and oscillated upward, and the latest closing price of the main monthly 2206 contract was 71600 yuan / ton, up 130 yuan, or 0.
18%.

The London Metal Exchange (LME) reported 175875 metric tons of London copper on May 11, an increase of 8,050 metric tons, or 4.
8%,
from the previous trading day.

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