The following is a daily review of metals trading published on October 20 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME).
Bronze: New further technical buys drove copper prices to a three-month high of US$4,018. Speculative profit-taking caused copper prices to fall back to mid-afternoon, closing at the day's low.
Aluminium: Trading prices have pushed aluminum prices under pressure, following the downward trend of copper prices.
Lead: It is expected that the recent minor consolidation trend will be maintained by early November.
Zinc: In early trading, the price fell and closed near the closing price on September 30th.
Tin: Trends remain volatile today, but any increase will attract the emergence of selling.
Nickel: Today's test was a recent low and rebounded slightly at the close.
Bronze: New further technical buys drove copper prices to a three-month high of US$4,018. Speculative profit-taking caused copper prices to fall back to mid-afternoon, closing at the day's low.
Aluminium: Trading prices have pushed aluminum prices under pressure, following the downward trend of copper prices.
Lead: It is expected that the recent minor consolidation trend will be maintained by early November.
Zinc: In early trading, the price fell and closed near the closing price on September 30th.
Tin: Trends remain volatile today, but any increase will attract the emergence of selling.
Nickel: Today's test was a recent low and rebounded slightly at the close.
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