June 13th AMT Daily Comment on LME; Base Metals

The following is the day-to-day trading of base metals published on June 13 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME). Copper: Not available. Aluminum: Not provided. Zinc: Because the trading volume is quite small, the volatility of zinc prices is not significant. By selling pressure, zinc prices fell today. Tin: Traders' buying support for tin prices held steady, but the price of tin prices narrowed as a result of long settlements. Lead: Lead prices were roughly flat today as a result of CTA buying and dealers selling. Nickel: Bullish by short covering and spot buying, nickel prices held steady today. Despite the modest increase in LME nickel inventories, nickel price growth narrowed. It is reported at 16255 USD/metric ton.

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