In the LME market, copper futures fell slightly on Tuesday. Traders and analysts said that copper futures are volatile during the day. The market is expected to remain highly volatile, as traders disagree on the view that the current rally in copper has stagnated or rebounded to a new high. Analysts pointed out that other basic metals are reluctant to follow the rise in copper futures, with lead and tin futures falling to a one-month low and a five-and-a-half-month low, respectively. One trader said, “The market has lost its initial fever. Speculative buying and commodity trading are expected. CTA buying will disappear.†Copper: Three-month copper hit a record high of $3,435/ton on Monday, and cash/three-month price spreads reached a nine-and-a-half year high of $280/290. Tuesday copper prices are at 50. The USD range fluctuates. The evening market composite traded down $2 to 3,373, while the spot/three-month inverse price gap narrowed to 239/249. Some analysts began to talk about the emergence of two parallel markets in the copper market, and pointed out that the physical market declines. Consumers get copper is not a problem. "The problem of copper simply doesn't understand it," said Briggs, an analyst at Industrial Bank. "Most people think that the market will begin to shift to excess, but I still want to emphasize whether it's surplus or Shortage, supply and demand difference will be Small. It is difficult to say that the uncertainty is enough to cause an accident. "LME copper stocks continue to decline, again reducing 600 tons on Tuesday to a new low of 33,900 tons in 31 years. LME said that it will maintain daily monitoring of the market, but will not take any special The action, because of its proper measures to ease the tightness, Barclays Capital analyst Schneider Parker said in his report that the market's signals are contradictory and that low stocks and market uneasiness will make prices fluctuate. "But we still think that from basic On the face of it, the market will maintain its upward trend. The current level of buying interest in China is still strong, so another wave may appear to push the trend above $3,400." Aluminium: Copper market drags down the aluminum market. A day ago, aluminum prices just wrote The next seven month highs. The recent concerns about European aluminum production and high energy costs have motivated the popularity of the aluminum market. Three-month aluminum fell by $25 to 1,772 per tonne. COMEX copper----period copper rose moderately from Tuesday, from the US dollar. Slightly outperformed the highs, and profit turned pressured into bargain-hunting to gain support. Traders said that trading in July will be dominated by renewed trading from July to September. The day is June 30." Easy to be very active, especially from July to September, "a dealer said." This is the key to the problem. No one is surprised that the spread in June/July is starting to expand, even if the open positions in June have already begun. "ComEX July copper closed up 0.5 cents at $1.5925 a pound, trading range was between 1.5710-1.60. Spot monthly June contract rose 1.35 cents at $1.6860. The contract hit last Friday." The record high of 1.69 US dollars was supported by tight supply. The September contract settled up 1.10 cents to 1.5655. The remaining month's contract rose by 0.90-1.15 cents. A total of 37,000 copper contracts were traded in the COMEX period, of which 8,502 were for rollover transactions. .
Vanity Lights,Glass Vanity Light,Indoor Solar Lights,Stair Lights Indoor
Foshan Nanhai Pinming Electrical Appliance Co.,Ltd , https://www.mavcadonf.com