LME Market Report --- Base metals are holding firm and do not respond immediately to Bush’s re-election

The London Metal Exchange (LME) base metals closed firm on Wednesday and were boosted by the weaker US dollar, but did not immediately respond to President Bush’s re-election. A trader said, “People thought that the market would fluctuate after the election... but it is still within the range.” “I think the trend is down, but the market may rise slightly before going down.” Market analysts Said that the fundamentals will once again exert its influence. Meir Metals analyst at Man Financial said that "by mid-this month, people are expected to refocus on fundamentals data, and I think these data will be more empty. "Meir said," today's trend is affected by the foreign exchange market." The dollar is expected to grow in Bush. After the victory, it rose, but it has been weakening since then. The three-month copper was quoted at $2,875 a tonne, higher than the closing price of Tuesday's composite trading of 2,847, and is currently expected to challenge the resistance at $2,900. A trader said, "As the US dollar weakens, today's copper is stronger throughout the day, but this does not seem to have much to do with Bush's election." "All day trading is light, I think people are watching it." Three months Aluminum also closed higher, rising to 1,810 from Tuesday's $1,793. Three-month lead ended up 7 US dollars to 867 US dollars; three-month zinc rose 8 US dollars to 1,045. Three-month nickels rose 150 US dollars to 13,625; three-month tin fell 5 US dollars to 9,040.

Pump For Watetreatment System

Pump For Watetreatment System,Water Treatment Pump,Water Injection Pump,Wastewater Treatment Pumps

Shanghai NuoSai Pump Manufacturing Co., Ltd. , https://www.nuosai.net

This entry was posted in on