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May 20 London Copper afternoon review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Monetary policy may turn to a rebound in the dollar, London copper closed down nearly 3.
3% overnight, China will curb the unreasonable rise in commodity prices, Glencore plans to restart a copper mine, copper fell sharply today
.

London copper

The Fed will reduce the scale of bond purchases, monetary policy may turn, the dollar index rebounded at a low level, and London copper fell sharply overnight, the latest closing quotation of 10074 US dollars / ton, down 342 US dollars, or 3.
29%, the volume of 22390 lots increased by 10020 lots, and the position 315632 decreased by 8745 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 117075 tonnes of London copper on May 19, down 1,950 tonnes, or 1.
64%,
from the previous trading day.

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