The following is a daily review of metals trading published on November 8 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME).
Bronze: As there are more signs that new technical buying has emerged, copper is tested at a high of US$4,000 and it is expected that buying will continue in the afternoon.
Aluminum: Aluminum prices continue to trade within a narrow range.
Lead: Lead market trading is quiet, and it is expected that there will be insufficient incentive to test the high price of 1000 US dollars.
Zinc: The price of zinc is still strong, and the market outlook may further increase. The zinc trend still depends on the situation in New Orleans.
Tin: Tin prices have continued to weaken. The market is still bearish.
Nickel: Commodity Trading Advisor buying support on the 8th rose to 12300 US dollars for a time, then fell back to close at 12,250 US dollars. Expected to see more buying on the 9th.
Bronze: As there are more signs that new technical buying has emerged, copper is tested at a high of US$4,000 and it is expected that buying will continue in the afternoon.
Aluminum: Aluminum prices continue to trade within a narrow range.
Lead: Lead market trading is quiet, and it is expected that there will be insufficient incentive to test the high price of 1000 US dollars.
Zinc: The price of zinc is still strong, and the market outlook may further increase. The zinc trend still depends on the situation in New Orleans.
Tin: Tin prices have continued to weaken. The market is still bearish.
Nickel: Commodity Trading Advisor buying support on the 8th rose to 12300 US dollars for a time, then fell back to close at 12,250 US dollars. Expected to see more buying on the 9th.
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