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London copper afternoon commentary: many countries dumped reserves coupled with the European epidemic, London copper closed down $84 overnight; Domestic imports of copper continue to flow, some regions have accumulated slightly, while demand is close to saturation, downstream buying is cautious, copper may fall
today.
Many countries dumped reserves coupled with the European epidemic, of which Germany due to the severe epidemic accumulated more than 100,000 deaths, almost implemented a national lockdown, overnight London copper high fell back, the latest closing quotation of 9761 US dollars / ton, closed down 84 US dollars, down 0.
85%, the trading volume of 11696 hands decreased 2093 lots, the position 261361 decreased 4904 lots
.
In the evening, Shanghai copper opened high and down, and the latest closing price of the main monthly 2201 contract was 71130 yuan / ton, down 780 yuan, or 1.
08%.
The London Metal Exchange (LME) reported its latest stock of London copper at 82,600 metric tons on November 25, an increase of 375 metric tons, or 0.
46%,
from the previous trading day.
