Prospects for LME copper and aluminum futures: Funds of all major metals fell out of the market

Three-month composite trading closing support resistance at 14th RSI on the 10th MA 30th MA period copper 3335 * 3250 * 3435 * 49 * 3355 * 3222 aluminum 1754 * 1690 * 1800 * 36 * 1756 * 1746 London June 29 news : Dealers said that the London Metal Exchange (LME) copper fell at the beginning of Wednesday, and although the fundamentals are positive, investors believe that the fund has lost interest. "The copper strength has begun to weaken, especially in terms of funds, the fund began to think that it is time Departed,” said David Thurtell, commodity analyst at Commonwealth Bank of Australia. Another trader said, “With profit taking, long liquidation, and lack of consumer buying, all are explanations (sell), but the price plummeted in the market. There is no practical reason.” He added, “The real problem is that (copper) prices are fluctuating too much and the $100 price is not going to attract a lot of buying interest.” 0705 GMT, three-month copper 3,300/10 per ton The U.S. dollar fell by 55 U.S. dollars on Tuesday compared with the closing price of synthetic transactions. "The market supply still looks nervous. The problem with copper is that people think that production capacity will increase. Many speculators are short, but the production capacity has not improved." Three months Aluminum News 1,710 At $15, it was down $11 from the composite transaction closing price on Tuesday evening. Analysts believe that aluminum has broken support at 1,735/40, and the target should be at 1,695/1,700.

Rubber Insulation Sheet

HOLLY rubber insulation sheeting (NBR) is manufactured from a high quality, synthetic material that provides excellent resistance to animal fats, fish oils, greases and vegetable oils.It is a popular option in the food, drink and pharmaceutical sectors due to the aforementioned qualities and its conformity with the latest EC and FDA food approval regulations.The material also offers good mechanical properties and its highly visible colour meets common industrial requirements.

Rubber Insulation Sheet,Nbr Plastic Insulation Sheet,Rubber Plastic Foam Insulation Sheet,Flexible Thermal Insulation Sheet

Wuxi Holly International Trading Co., Ltd , https://www.hollynbrs.com

Posted on