October 12 AMT Review LME Base Metals
2018-04-22 01:00:21
The following is a daily review of metal trading published on October 12 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME).
Bronze: Further technical buying prompted copper prices to rise to new highs, and Far Eastern sell-off and speculative profit taking dragged down the afternoon.
Aluminium: Afternoon buying pushed prices up and took a small amount of pressure, but the closings performed well.
Lead: Short selling leads to a decline and is expected to continue downwards tomorrow.
Zinc: A modest increase, and it is expected that this trend will continue in the coming days.
Tin: The market has already digested the influence of New Orleans and today's buying seems exhausted.
Nickel: Clearance of technology led to a decline, and it is expected that the test will be further supported in the next few days.
Bronze: Further technical buying prompted copper prices to rise to new highs, and Far Eastern sell-off and speculative profit taking dragged down the afternoon.
Aluminium: Afternoon buying pushed prices up and took a small amount of pressure, but the closings performed well.
Lead: Short selling leads to a decline and is expected to continue downwards tomorrow.
Zinc: A modest increase, and it is expected that this trend will continue in the coming days.
Tin: The market has already digested the influence of New Orleans and today's buying seems exhausted.
Nickel: Clearance of technology led to a decline, and it is expected that the test will be further supported in the next few days.