AMT commented on November 30 LME base metals

The first basement brokerage firm of the London Metal Exchange (LME), Amalgamated Metal Trading Limited (AMT), issued its daily base metal review on November 30th. Copper: Copper prices once again tried to break through the 3135/40 USD/ton resistance level on that day, and it is expected that the market may test support levels. Aluminium: Aluminum prices closed at the support level on that day and it is expected that the market will continue to test support. Zinc: At the end of the day, zinc prices turned profit-taking and selling was suppressed. The support is expected to be 1,165 USD/ton. Lead: When the lead price difference on the date continues to narrow, lead prices fall slightly. Tin: On the same day, tin prices continued to decline due to long positions, but it is expected that there will still be a slight rebound in the market outlook. Nickel: Nickel prices oscillated in a narrow range on that day and trading was light.

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