International Metals Review International Metals LME base metals mostly closed lower, but lead prices were driven by a small amount of buying to firm traders, indicating that the London Metal Exchange (LME) base metals mostly closed lower in the evening market composite trade on Wednesday, subject to profit taking. Pressure, but no lead lead to a small amount of consumer buying. A trader said: "The initial trading was very quiet, the market is waiting for the US economic news." "Most of the metal gradually fell steadily, but at the end of the dollar A weaker one inspires some trade buying. "The dollar fell on Wednesday because the US Federal Reserve Board Chairman (Fed) Chairman Greenspan stressed the outlook for low inflation, and the market sees it as one of the Fed's fears that it will not raise interest rates as steadily as expected. Indications. According to Reuters data, after Greenspan made a speech, the euro rose to US$1.2113 against the U.S. dollar and reported about 1.2037. Copper futures fluctuate again on Wednesday, as the US dollar fell to near US$2,715 per tonne, but then The dollar weakened slightly as the dollar weakened. The three-month copper session initially fell below the flat, closing down 11 US dollars to 2,743 yuan per ton, and the Asian market hit a high of 2,772.50. Analysts said that the short-term copper futures are expected to continue to receive foreign exchange. Greenspan’s speech received much attention. The three-month aluminum trailing copper weakness fell from 1,676 to 1,672; three-month nickel fell 225 US$ to 12,150. The three-month nickel tin fell by 100 US dollars to 8,750. Three-month lead rose 7 US dollars to 875; three-month zinc fell 2 US dollars to 977. Traders expect lead to fall between 839-880, while zinc prices are expected to fall between 960-990 US dollars. During the period, COMEX copper contracted its decline, and the outlook was expected to be limited to the interval. The New York Mercantile Exchange (COMEX) copper fell sharply on Wednesday after taking profits, but in the comments on economic growth by Federal Reserve Chairman (FED) Chairman Greenspan After the dollar pulled out of the highs, copper was able to recover some of the decline. Many market participants had originally determined that Greenspan's testimony speech would consolidate the view of raising interest rates. But Ge Lao's remarks are not as optimistic as expected, so that the Fed will be in this At the monthly meeting, a 25 basis point increase in interest rates shrouded in doubts, the US dollar fell, and copper was used to recover some of the decline. Indicators December copper closed down 1.55 cents at 1.2565 US dollars per pound, intraday between 1.2410-1.2730 US dollars Volatility. September spot copper fell 1.55 cents per month, closing every Pounds 1.2575 US dollars. Other monthly contracts ended 0.95-1.55 cents lower range. COMEX copper transaction volume is estimated at 7,000, down from Tuesday's 13,595. Pioneer Futures senior trading analyst Meyers said that this week is expected to be There are more trading ranges, and December copper prices fluctuated between 1.22-1.28 USD.
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