Commentary on International Metals LME copper was under pressure from speculative selling, and the United States oscillated before the release of the employment report. Copper on the London Metal Exchange (LME) fell to a one-week low on open outcry trading on Thursday, and was hit by speculators. Traders said that before the United States publishes important data, it is expected to fluctuate. Due to the suspension of selling triggered, the copper was suppressed to a low of 2,713 US dollars per ton in the latter half of the trading period, and the tail of the transaction has picked up. The floor trader said. The decline in copper prices was affected by the copper in the New York Mercantile Exchange (COMEX). Metals analyst Barr of Standard Bank London believes that the downtrend may be related to the US market announcement on Friday that the non-farm payrolls are nervous. He said, "Some The fund is in an exit position. There are still rumors that the stocks will increase significantly." Copper stocks fell by 150 tons on Thursday and increased by 6,375 tons yesterday, but were expected. Three-month copper closed at $2,730/ton, down $44 The short-term support is at the 100-day moving average level of 2,715, followed by 2,680. The three-month nickel continues to fall, due to the recent tension in the contract spread eased. Evening mixed transactions closed down 275 US dollars to 12,450 per tonne. Against the market rose by 9 US dollars to 840 US dollars per ton. Three-month aluminum fell by 1,700 US dollars, closing down 13 US dollars to 1,687 US dollars per ton. Expected lower support level to 1,680. Three-month tin fell 265 US dollars to 8,900, three Zinc prices closed at 959 U.S. dollars yesterday and closed at 974 yesterday. COMEX copper futures fell below a one-week low. Suspicions caused by inventories rose. Stops to sell New York Mercantile Exchange (COMEX) copper closed at a one-week low on Thursday as stocks rose. Concerns triggered stop-loss selling, and traders settled their positions before the US announced the non-agricultural employment report on Friday. Market participants said that the copper stocks on the London Metal Exchange (LME) and Shanghai Futures Exchange have been expected to increase. • LME copper stocks fell by 150 tons on Thursday, and COMEX copper stocks decreased by 695 short tons on Wednesday. Affected by the Labor Day holiday in the United States, the COMEX copper futures market will close early on 1605 GMT on Friday and will be closed next Monday and resume trading on Tuesday. Active trading 12 Copper prices closed down 2.90 cents or 2.27% to end at 1.2480 US dollars per pound, intraday volatility between 1.2770-1.2380, which is the low since August 26th. Spot September fell about 2.75 cents to 1.2475 US dollars. . The monthly period is approximately 2.70-2.90 cents lower. Estimated The amount of 12,000 ports.
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