The U.S. dollar has made investors more willing to invest, and the price of copper in London fell by nearly 1 last night4%。Overseas mine closures and declining LME copper inventories have raised concerns about the mine, while the resilience of domestic demand has provided support. Spot copper is expected to continue today**.
Copper** market] The weakening of the US dollar stimulated buying into the market, which is more attractive for dollar-denominated commodities, which has a boosting effect on metal demand and is positive for copper prices. Last night, copper prices in London rose strongly, with the latest $8,586 ton, $116, an increase of 137%, the volume was 20,589 lots, an increase of 6,979 lots, and the open interest was 283477 lots, a decrease of 4,531 lots. In the evening, Shanghai copper prices opened high and strengthened, and the end of the day closed with a positive line, and the latest ** price of the main month 2401 contract was 68,860 yuan tons, ** 380 yuan, an increase of 0.55%。
The London Metal Exchange (LME) reported that the latest copper inventory was 168,650 metric tons, down 3,800 metric tons or 220%。
Changjiang Copper*** This morning, the opening price of Shanghai copper was 68,870 yuan, 390 yuan higher than yesterday. The reason is that the closure of overseas mines and the reduction of LME copper inventories have made everyone worry about the problem, and Anglo American has also lowered its production forecast for the next two years, which has supported copper prices. Domestic demand is quite stable, which also provides support for the first country. Refined copper imports are expected to be strong in December, which means that China's consumption outlook is good, which has a positive impact on copper prices. Another factor is that the emergency events in the Red Sea have made *** continuous**, coupled with the continued efforts of the domestic steady growth policy, as well as the energy shortage caused by the cold wave, which will also have a certain effect on copper prices. So today's spot copper is expected to be **.