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London copper afternoon commentary: the strong dollar hit a new 20-year high, and the next week London copper fell more than 3%; The negative macroeconomic outlook hit metal demand, and the surge in copper inventories led to a decline in copper sentiment
.
The strong dollar hit another 20-year high, driven by the Fed's firm hawkish policy statement and rising U.
S.
Treasury yields, which sent London copper tumbling, hitting a low point in nearly two months, and the next week London copper volatility weakened, the latest closing quotation of 7445 US dollars / ton, closed down 239 US dollars, down 3.
12, the volume of 26035 lots increased 9864 lots, the position 243668 increased 1938 lots
.
Shanghai copper ran weakly on Friday night, and the latest closing price of the main monthly 2210 contract was 61290 yuan / ton, down 1240 yuan, or 1.
98%.
The London Metal Exchange (LME) reported 124725 metric tons of London copper on September 23, an increase of 1,950 metric tons, or 1.
59%,
from the previous session.
