June 23 AMT comment on LME base metals

The following is a daily review of base metals transactions published on June 23 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME). Zinc: 1280 US dollars strong support, is expected to continue to oscillate near the point in the short term, but by the impact of copper trend. Tin: It is driven higher by traders buying, but it is expected that the short-term increase will be less likely. Lead: The support of the lower gear is strong, and there is not much space in the downside. Nickel: Squeezed by long selling pressure to close down, unfavorable to the outlook. Note: Copper and aluminum reviews are not provided.

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