The following is a metal trading daily review issued on January 4 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME). Bronze: A technical sell-off triggered by the dollar’s ​​higher level before the sell-off, profit-taking has emerged. However, the Middle East’s buying support at US$2,875 is expected to continue to decline in the short-term under technical selling pressure. Aluminium: A number of support levels have been continuously punctured under the pressure of the fund's selling pressure and the short-term downtrend is expected to continue. Lead: As with other varieties, it is expected that the short-term will continue to decline as a result of the impact of fund selling and the higher US dollar. Zinc: It is expected that it will continue to fall in the short-term as the fund sells. Tin: The rate of decline is small, but it does not rule out the possibility of a sharp decline under the drag and drop of other varieties. Nickel: The selling pressure on the upper hand is heavy, and it is expected that the oscillation will continue in the short term.
Building Wire,Pvc Building Wire,Insulated Flat Building Wire,Electrical Building Wire
TAISHAN CITY WANAN CABLE CO.,LTD , https://www.tswanan.com