Overview of the operation of the copper market during the National Day in 2020

(Summary description)
Holiday review Eight days of National Day, the domestic market is closed, and overseas markets are all normal transactions. Before the holiday, LME copper inventories surged by more than 90,000 tons in three days, an increase of over 124.92%. On October 1, LME copper plunged by more than 5%, setting a new one-month low. On the 2nd, US President Trump and his wife Melania tested positive for the new crown virus, adding more uncertainty to the market. The US stock market fell as a result, and the London copper futures refreshed its nearly two-month low to $6,269/ton.

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Time of issue:2020-11-20 14:33
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Holiday review Eight days of National Day, the domestic market is closed, and overseas markets are all normal transactions. Before the holiday, LME copper inventories surged by more than 90,000 tons in three days, an increase of over 124.92%. On October 1, LME copper plunged by more than 5%, setting a new one-month low. On the 2nd, US President Trump and his wife Melania tested positive for the new crown virus, adding more uncertainty to the market. The US stock market fell as a result, and the London copper futures refreshed its nearly two-month low to $6,269/ton.

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