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London copper afternoon commentary: U.
S.
stocks rebounded and climbed, and London copper closed up $116 overnight; The marginal relaxation of real estate credit policy boosted market sentiment, and the nonferrous market was driven by the rise of ferrous metals, and copper may rise
today.
The market downplayed the Fed minutes to increase worries, as well as the growth of new residential sales in the United States in October and the record high of home prices, U.
S.
stocks rebounded and climbed, overnight London copper ran strongly, the latest closing quotation of $9845 / ton, closed up $116, or 1.
19%, the volume of 13789 lots increased by 1640 lots, and the position 256457 increased by 1551 lots
.
In the evening, Shanghai copper fluctuated at a high level, and the latest closing price of the main monthly 2201 contract was 71730 yuan / ton, up 600 yuan, or 0.
84%.
The London Metal Exchange (LME) reported its latest stock of London copper at 82,225 metric tons on November 24, an increase of 625 metric tons, or 0.
77%,
from the previous trading day.
