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November 5 London Copper Afternoon Review

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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The market risk willingness is strong and oil prices are higher, overnight London copper shock closed up $55, Chile a copper mine will continue to strike, but the current downstream consumption is difficult to improve, today's copper is not up or
down.

London copper

Strong market risk appetite, and OPEC+ extended production cut expectations, the stock market rose and oil prices rose, overnight London copper fluctuated upward, the latest closing quotation of 6835 US dollars / ton, up 55 yuan, or 0.
82%, the volume of 21991 lots increased by 9557 lots, and the position 302497 decreased by 664 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 176,650 metric tons of London copper on November 4, an increase of 7,250 metric tons, or 4.
28%,
from the previous trading day.

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