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May 16 London Copper Afternoon Review

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

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London copper afternoon commentary: oil prices continued to rise, the next week London copper closed up 1.
9%; Overseas copper mines continue to stop operations, the domestic central bank will increase the implementation of prudent monetary policy, market risk sentiment has increased, and copper is expected to rise
today.

London copper

Oil prices continued to rise, as U.
S.
gasoline soared to a record high, while investors worried that if the EU did embargo oil, supply would tighten, the next week London copper climbed strongly, the latest closing quotation of $9213 / ton, closed up $172, up 1.
90%, the volume of 14946 lots decreased 6500 lots, and the position 247691 lots increased by 75 lots
.
Shanghai copper rebounded higher on Friday night, and the latest closing price of the main monthly 2206 contract was 71450 yuan / ton, up 850 yuan, or 1.
20%.

The London Metal Exchange (LME) reported its latest stock of London copper at 177,000 metric tons on May 13, an increase of 125 metric tons, or 0.
07%,
from the previous trading day.

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