LME Market: The London Metal Exchange (LME) base metals were mixed Monday (November 29); copper futures ended higher, as the supply side was tight and the market gained stable support. LME copper stocks fell by 150 tons to 59,300 tons over the weekend. Of these, 41,975 tons were available for delivery. Standard Bank London analyst Barr said: "The inventory of copper and aluminum has declined, indicating that the fundamentals are quite strong. The cancellation of warehouse receipts has also increased, indicating strong demand." "The trend in December is worth noting. The market is in tight supply. But the fund may begin to take profits, and earlier in the week ahead of December." Analysts at Man Financial said that copper prices are also higher due to the weaker US dollar and the market lacks data showing that the US economy is not good. He said, " The currently announced key economic indicators for October are either higher than analysts' expectations or equivalent. "At 1700 GMT, the euro was quoted at $1.3284/87 against the US dollar, near the end of last Friday's New York level. LME three-month copper closing per ton At 3,112 U.S. dollars, the consolidated trading level on Friday was 3,081. Traders said that the market is testing resistance near 3,130 U.S. dollars, and investors think that it is possible to attack the nearly 16-year high hit in October of 3,175. Spot/three-month period The reverse spread widened to about $150 last Friday at $137. Three-month nickel fell $100 to 14,250; three-month zinc reported $1,175, up $35. Three-month tin reported 8,810/20, down US$5; three-month lead rose 7 US dollars to 961. LME copper: LME three-month copper closed at 3,112 US dollars per ton, and the composite trading price was 3,081 on Friday. LME aluminum: three-month aluminum fell 2 US dollars to 1,847, but with strong support, Barr said that after a period of consolidation, aluminum prices are expected to rise to US$1,880 from a technical perspective. COMEX Copper: New York Mercantile Exchange (COMEX) copper on Monday in quiet weather conditions The market closed higher after speculative short covering and the fund continued to expand before the advance notice date, boosting the market to a new high of seven weeks. One trader said, “Today's market is really light. All this morning. Both believe that after the decline in overseas markets, the local market will also decline, but when it finds this is not the case, market participants will make short covering." The benchmark index rose by approximately 0.65 cents to close at 1.4450 US dollars per pound, trading intraday The interval is 1.4225-1.4540 USD. March The period rose by approximately 0.90 cents to close at 1.4405 US dollars, hitting a contract high of US$1.45 during the session. The estimated trading volume was approximately 20,000.
Automotive Exterior Mold,Automotive Exterior Mould,Automotive Exterior Injection Mould,Automobile Exterior Decoration Parts Mould
Taizhou ANO MOULD CO.,LTD , https://www.ainomould.com