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    Home > Chemicals Industry > New Chemical Materials > May 18 London Copper Afternoon Review

    May 18 London Copper Afternoon Review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    London copper afternoon commentary: the dollar continued to fall to a new low in more than a week, and London copper closed up 0.
    5% overnight; China continues to promote the construction of new infrastructure, smelters have resumed production steadily, demand recovery is expected to increase, and copper may rise
    slightly today.

    London copper

    The US dollar continued to fall to a new low in more than a week, mainly because the rise in market risk appetite weakened the attractiveness of the US dollar, overnight London copper volatility was strong, the latest closing quotation of 9336 US dollars / ton, closed up 46 US dollars, or 0.
    50%, the volume of 11790 lots increased by 1482 lots, and the position 246257 lots decreased by 4193 lots
    .
    In the evening, Shanghai copper jumped high, and the latest closing price of the main monthly 2206 contract was 71800 yuan / ton, up 160 yuan, or 0.
    22%.

    The London Metal Exchange (LME) reported 176575 tonnes of London copper on May 17, up 25 tonnes, or 0.
    01%,
    from the previous session.

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