LME Market Report --- Base metals closed mixed, uncertainty in US election pressured the market

The London Metal Exchange (LME) base metals were mixed on Tuesday, and uncertainty over the outcome of the US presidential election caused the market to fall into the near-term trading range. A trader said, "From the technical graphics point of view the current market conditions are still good, but today little change, we are waiting to see the results of the election. The market is more likely to respond to the trend of the dollar." USD / Euro in the European market late in the slightly higher It traded at the level of $1.2700 and went earlier to $1.2678. Analyst Angus MacMillan said he expects the market will continue to fluctuate within a narrow range before the US election results are announced. He said, "No matter who will enter the White House, there will not be much impact on the metal market in the short term." However, if it is too late to determine who is the winner as in the last election, it may weigh on the US dollar, and in the short term Good for the metal market. In the evening session, the market experienced moderate selling pressure, especially during the period of aluminum trading. A trader said, “The deal was very light and was pressured by selling.” Three-month copper contracted some earlier gains, and late-night synthetic trade closed at $17 higher at $2,847 per ton, still in the range of 2,800-2,890. Inside. Three-month aluminum fluctuates, closing down 13 US dollars to 1,793 US dollars per ton. Nickel closed lower by 75 U.S. dollars at 13,475 U.S. dollars, and lead rose slightly by 5 U.S. dollars to 880 U.S. dollars. Zinc tried to rebound after falling on Monday, but it encountered resistance above $1,050, which was $3 lower than the final price of 1,037. Zinc fell from 9,110 to US$9,025.

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