AMT Review (11-15)

The first-tier brokerage firm of the London Metal Exchange (LME), Amalgamated Metal Trading Limited (AMT), issued its daily base metal review on November 15. Copper: Copper prices failed to break through the resistance at 3025 U.S. dollars per tonne on the current day and fell at midday. It is recommended that the market continue to buy on the bargain. Aluminium: Aluminum prices continued to show signs of weakness on the same day, but overall the price still maintained a range oscillation. Zinc: On the day, the price of zinc rose due to technical buying, and the transaction volume was active. Lead: Lead prices traded quietly on that day and may still maintain a downward trend. Tin: The price of tin continued to trade in the interval, but the overall market was bearish and lacked fundamental support. Nickel: The nickel price fell by 400 US dollars in the morning and closed at 14,500 US dollars/ton. The increase in inventories will exert pressure on the market.