Prospects for LME Copper and Aluminum Futures: Base metals will continue to consolidate in early trading
LME composite trading closing support resistance level 14th RSI 10th MA 30th MA three-month copper 3679.00 * 3600 * 3725 * 62 * 3631 * 3582 three-month aluminum 1870.00 * 1850 * 1900 * 43 * 1880 * 1884 London 9 On the 6th of January, the London Metal Exchange (LME) base metal prices fell in early trading Tuesday, leaving lightly trading. Under tight supply conditions, the recent consolidation trend is expected to continue. 0450 GMT, three-month copper report per At US$3,666/671, spot premiums fell to 222/232 from Monday's US$240. Last Friday’s copper hit a record high of 3,725. A Japanese trader stated that “Asian market has been very light and trading volumes are still relatively low. Small, because the US market was closed on Monday.†The LME copper copper contract in recent months is extremely tight, and the lack of hedging in the market may push copper to a new high, especially if the September options expire volatility. The aforementioned trader said. "It is difficult to predict the futures price of LME metals, but the market is still worried about the inventory of LME warehouses in New Orleans. This may trigger the buying of funds. However, we expect the overall market will continue to maintain consolidation." Hurricane Katrina attacked After the United States Economic uncertainty and a weaker U.S. dollar led to a drop in Treasury yields (money yields), encouraging hedge funds to shift from the US dollar to copper futures. Concerns about zinc stocks also motivated buying. Traders are concerned about New Orleans' metal inventory, despite LME recently assured that these stocks are still intact and meet the delivery conditions. Of LME's 560,000 tons of zinc inventories, nearly 250,000 tons are stored in New Orleans warehouses. The local warehouse's copper stock is only 900 tons. Zinc reported 1,430/435 US dollars , rose $ 17. Aluminum is to follow the trend of copper, reported 1,867/871 US dollars, down 3 US dollars.
This catalogue include 110w,220w,450w,600w quantum board, use samsung LM301B+Epistar 660nm chip, meanwell driver, works well for indoor plant growth. Diy Quantum Board Grow Light the best choose for indoor plant growth, Whether it's hydroponics, plants in soil, you can add a touch of magic to every veg and flower with QB grow lights.
Quantum Board Samsung,Samsung Led Quantum Board,Samsung Quantum Board Led,Quantum Board Vs Cob Grow Light
Shenzhen Wenyi Lighting Technology Co., Ltd , https://www.szwenyigrow.com