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London copper afternoon commentary: the global economic outlook is gloomy, market sentiment is frustrated, London copper closed down 0.
74% overnight; The overall supply and demand is looser than the previous period, the demand for gold nine silver ten is less than expected, the high level of premium inhibits buying interest, and copper or a small decline
today.
The global economic outlook is bleak, market sentiment is frustrated, overseas demand is declining, recession expectations are further heating up, so that copper prices are under pressure lower, overnight London copper weak shock, the latest closing quotation of 7516 US dollars / ton, closed down 56 US dollars, down 0.
74%, the volume of 12603 lots increased by 1002 lots, the position 236795 decreased by 453 lots
.
In the evening, Shanghai copper gap opened low, running weakly, the latest closing price of the main month 2212 contract was 62730 yuan / ton, down 240 yuan, or 0.
38%.
The London Metal Exchange (LME) reported its latest stock of London copper at 134,400 metric tons on October 25, down 300 metric tons, or 0.
22%,
from the previous trading day.
