June 13 AMT Review

The following is a daily review of base metals transactions published on June 13 by Amalgamated Metal Trading Limited (AMT), a leading brokerage firm of the London Metal Exchange (LME). Copper: Not available. Aluminum: Not provided. Zinc: Since 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 price narrowed as a result of a bullish settlement. Lead: Lead prices were roughly flat today, influenced by CTA buying and dealers' selling. Nickel: Nickel prices held steady today, boosted by short covering and spot buying. Despite the modest increase in LME nickel inventories, nickel prices have narrowed. Now reported to 16,255 US dollars / metric ton

Posted on