AMT traders: Copper and aluminum are expected to remain in the range of short-term oscillations in the near-term. Copper: Undercutting by profit-taking, but with a slight rebound from the US dollar, it is expected to see resistance at $2,780 in the short-term. • Aluminum: The trend is stable throughout the day, and short-term prices are expected to oscillate between $1,685-1,690. • Zinc: The closing was basically the same as yesterday, but the volume has shrunk significantly. If the short-term price runs above US$970, it will not return to the recent low. Lead: Keep rising for three consecutive days and today's trading volume has shrunk. Higher spot premiums will lead to an increase in LME inventories. Observations from the technical side are expected to be corrected in the short term. Tin: It is expected that the short-term price will oscillate in the range of 8600-8900 U.S. dollars. • Nickel: In the morning, it was covered by short-covering to hit the all-time high of $12,500, but it closed at almost the lower price throughout the day, while the low buying activity was more active. It is expected that short-term weaknesses will hardly change. Source: China International Futures Brokerage Co., Ltd.
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