Overnight copper stocks fell slightly from 5125 tons to 439,150 tons, and the downward trend gradually became apparent. The spot price maintained a discount; Lum Aluminium's inventory fell by 2,525 tons to 4.558 million tons, maintaining a high level of non-trend operation, and the spot price maintained a discount.
The U.S. dollar index fell slightly to 76.25 overnight. The K line closed at the Xiaoyang line and continued to adjust the weekly level. There are currently signs of stabilization on the technology, but it is still necessary to wait patiently for the outcome of the EU summit.
The middle of the overnight renminbi quoted at 6.3425, the overall trend of the official renminbi revaluation remained unchanged; the Hong Kong spot dollar/cash exchange rate announced by the Hong Kong Treasury Association overnight was 6.4127, and the official market quotations and offshore market quotations continued to hang upside down.
Overnight copper finished lower and closed at $7539.75/ton. During the day, the increase in electronic time basically took time out in Europe and the United States. The rebound momentum in the previous two days was weak, and the overall market was still at a weekly level. It is expected that the results of the EU summit tonight will be less than expected. We will wait and see; Shanghai Copper yesterday morning and Evening News mentioned the pressure of the 57,000 front line. At present, the empty side is expected to extend the counterattack to the 56,000 line in the external disk down. Once again, it returned to the center of the long and short-term cost center, and generally extended the rest of the mid-term downtrend market.
Overnight aluminum volume to close the shadow of the cross line, the end price to close at 2211 US dollars / ton, continued in the early stage of the weaker platform above the 2200, yesterday mentioned that in the case of Europe and the United States game is not over yet, we believe that the overall medium-term decline remains unchanged Today, the short-term focus on the results of the EU summit; domestic aluminum prices yesterday was significantly weaker than copper and zinc, indicating that the market has gradually lost confidence in the cost of aluminum support theory, but the current aluminum price is still in general since September 23 movement In the interval, the price of the market will not change.
The U.S. dollar index fell slightly to 76.25 overnight. The K line closed at the Xiaoyang line and continued to adjust the weekly level. There are currently signs of stabilization on the technology, but it is still necessary to wait patiently for the outcome of the EU summit.
The middle of the overnight renminbi quoted at 6.3425, the overall trend of the official renminbi revaluation remained unchanged; the Hong Kong spot dollar/cash exchange rate announced by the Hong Kong Treasury Association overnight was 6.4127, and the official market quotations and offshore market quotations continued to hang upside down.
Overnight copper finished lower and closed at $7539.75/ton. During the day, the increase in electronic time basically took time out in Europe and the United States. The rebound momentum in the previous two days was weak, and the overall market was still at a weekly level. It is expected that the results of the EU summit tonight will be less than expected. We will wait and see; Shanghai Copper yesterday morning and Evening News mentioned the pressure of the 57,000 front line. At present, the empty side is expected to extend the counterattack to the 56,000 line in the external disk down. Once again, it returned to the center of the long and short-term cost center, and generally extended the rest of the mid-term downtrend market.
Overnight aluminum volume to close the shadow of the cross line, the end price to close at 2211 US dollars / ton, continued in the early stage of the weaker platform above the 2200, yesterday mentioned that in the case of Europe and the United States game is not over yet, we believe that the overall medium-term decline remains unchanged Today, the short-term focus on the results of the EU summit; domestic aluminum prices yesterday was significantly weaker than copper and zinc, indicating that the market has gradually lost confidence in the cost of aluminum support theory, but the current aluminum price is still in general since September 23 movement In the interval, the price of the market will not change.
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