London, January 5: The London Metal Exchange (LME) copper and zinc futures prices rebounded on Wednesday, rising 2.0% and 3.0%, respectively, after the fund's sell-off pressure fell on the previous trading day. Benchmark three-month aluminum futures Above 1800 US dollars, observation from the technical side will help the market outlook continue to rise. Supported by related options, the three-month copper futures closed at 2,970 US dollars per tonne in the evening session, up by 59 U.S. dollars at the beginning of the day, and below 2,900 at the beginning of the session. The basic metals were hit hard on Tuesday as the dollar rally triggered a fund sell-off. Copper fell by 7.5% during the period, and aluminum fell nearly 8% during the period. A trader said, “The market was full of beautifying book transactions on Friday. The market's falling rate is so large that I was surprised. Now I’m starting to see some short covering. He added, "Once the process is over, it is expected that the price will rise again and it will peak in the previous quarter." Standard Bank analyst said that the fundamentals of the base metals are still in good condition, but exchange rate fluctuations cast them on. Shadow. He said, "Friday will be the key one day, because there will be a US employment report, if the data is good, the dollar may rise further." He added, "I still think (metal) fundamentals enough to attract funds At some point, it's time to enter the market... This depends to a large extent on competing investment types and their volatility.†Other base metals are mixed, but the market is nervous and prone to collapse. The three-month aluminum price rose 22 US dollars to end at 1,825, hitting a nine-and-a-half-year high of 1,972 on Friday. Today's more prominent three-month zinc rose by more than 3% to 1,208.50, intraday performance. More brilliant, last Friday hit a seven-year high of 1,260. ** speculative bubble may begin to burst ** A fund source said, "The price is very high on Friday. The market price is too high, once the sell-off will fall." He Said, "If the trend reverses, people will start to short, which may pressure copper and aluminum futures to fall again around $ 300." However, most analysts believe that the market decline is necessary, so that almost all basic metals before the end of the year The light trading was pushed up to multi-year highs. The short-term fundamental situation has not changed and most metal stocks are insufficient, although for some people the long-term outlook is not optimistic. HSBC analyst Williamson said, “Although (industrial production) is still It's very robust, but it's clear that growth is currently slowing down, and historically, the slowdown in growth means that metal prices will fall." But the lower exchange stocks and the bearish outlook for the dollar mean that the economy The time lag between the long and metal prices peaking will be extended. He said, “This will also prevent the market from forming a big bear market.†The three-month nickel reported at 14,400/450 US dollars per ton, which is higher than 14,150 in the previous trading day. Three-month lead fell by US$10 to US$910 per tonne. Three-month tin was hit hard in a thin market and fell for about 6% to a 10-month low in the session, closing at US$7,225 per tonne. 350 dollars.
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