AMT Review (12-23)
[World Financial News] The following is a metal trading daily review issued on December 23 by Amalgamated Metal Trading Limited (AMT), a leading brokerage firm of the London Metal Exchange (LME). Copper: Dragged down by technical bullishness, copper prices in early morning fell to a low of $3010/tonne. Subsequently, the price of copper held steady and rebounded in midday. Expected market outlook to maintain fluctuations. Aluminium: The aluminum price volatility was higher on the same day, and the closing price rose. However, it suffered further selling pressure. Zinc: Although the zinc price fell to the support level of $1180, the upward trend still exists. Affected by speculative bargaining and a small amount of technical selling, the Far-month contract maintained its overnight trading range. It is expected that the market outlook is expected to test back 1218 US dollars. Tin: The price of tin fell sharply as a large number of funds sold. It is expected to withstand further selling pressure on the 24th. Nickel: Nickel prices closed lower on the day and trading was quite light. Lead: Lead prices closed steady on the same day.
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