AMT trader metal daily comment: aluminum market outlook is yet to be further clear on the 8th

Copper: Not available.

Aluminium: The closing price is lower than USD 1855/tonne support level, and the trend of the market outlook remains to be further clear on the 8th.

Lead: Lead arbitrage and three-month contract sell-off during the lead period lead lower. If the price falls below 850 USD/ton, the transaction will be absorbed on a bargain.

Zinc: In an early attempt to recover the $1410/ton lost ground, it fell below $1,370/tonne. Bidirectional arbitrage can be attempted given the state of Louisiana's inventory.

Nickel: Not available.

Tin: The CTA closed out in early trading, but the price stayed at a low level. It is recommended that the market be short.

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