London copper afternoon commentary: the dollar rose to a 20-year high, and London copper closed down 0.
84% overnight; Macro bearish sentiment strengthened, London copper inventories increased more than expected, and the demand for gold nine was difficult to say when it came to an end, and copper was expected to fall
The dollar rose to a 20-year high, the Fed raised interest rates by 75 basis points as scheduled, and again hawked that there would be further large-scale interest rate hikes, this hawkish tendency made copper prices have a sharp plunge, directly hit the non-ferrous metals market, overnight London copper shock down, the latest closing quotation of 7659 US dollars / ton, closed down 65 US dollars, down 0.
84%, the volume of 13245 hands increased 691 lots, the position 243925 lots decreased by 4261 lots
In the evening, Shanghai copper was weak and volatile, and the latest closing price of the main monthly 2210 contract was 62270 yuan / ton, down 280 yuan, or 0.
The London Metal Exchange (LME) reported 118,000 metric tons of London copper on September 21, an increase of 10,850 metric tons, or 10.
13%, from the previous trading day, the largest increase since June