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London copper rose strongly overnight, with 3-month London copper rising 2.
78% to $5,768 / ton, and the daily closing price hit a new high
since July 2 last year.
In terms of positions, on November 24, the position of London copper was 367,000 lots, a daily decrease of 1,702 lots, and the position of London copper has mainly increased for more than a week, indicating that when the copper price oscillation is sorted, the long-short divergence has increased
.
Industry news: Zambia's copper production is expected to increase by 4% to 740,000 tons this year, according to the Zambia Mining Association, and Zambia is the second largest copper producer in Africa
.
Inventories: LME copper stocks were down 2,875 tonnes per day at 23 November, the 24th day in the past 25 trading days, still close to the low set on August 23 of the year, lower than the average inventory value of 229,000 tonnes during the year, and the high of stocks during the year was 379175 tonnes
.
London Metal Exchange (LME) copper futures rose to near two-week highs on Wednesday as strong U.
S.
and eurozone manufacturing data inspired a wave of fund buying, reversing earlier losses
.
At 17:00 London time on Nov.
23 (01:00 Beijing time on Nov.
24), three-month copper closed up 2.
2% at $5,739 a tonne, off a daily low of $5,562 a tonne, and hit an intraday high of $
5,786 a tonne since Nov.
11.
![disodium 4,4'-bis[[4-anilino-6-[(2-carbamoylethyl)(2-hydroxyethyl)amino]-1,3,5,-triazin-2-yl]amino]stilbene-2,2'-disulphonate CAS NO 27344-06-5](https://file.echemi.com/fileManage/upload/cas/77/e1abc71f-648d-403c-93fe-69b5c9401d56.gif)
