Home > News > UK

MARKET TALK: LME Copper May Test $5,700 Resistance S/T

Monday, Feb 12, 2007
点击:

LME copper likely to test $5,700/ton resistance in next couple of days, as metal's starting to show some firmness after recent weakness, says Hong Kong-based trader. LME stocks being drawn down, commodity sentiment stronger led by oil and gold, market expects stronger Chinese demand after Lunar New Year holidays end. Adds, physical trade in Asia quiet today with Japanese buyers on holiday, likely to slow by end of week as Chinese buyers head for week-long Lunar New Year holiday. LME 3-month copper last at $5,570/ton, down $10 on London Friday PM kerb.

Recommended exhibitions

16TH ARAB INTERNATIONAL ALUMINIUM CONFERENCE
  ARABAL, which is being organized and hosted by Qatalum, is the premier trade event for the Middle East's aluminium i......
Aluminium 2012
  ALUMINIUM is the leading B2B platform in the world for the aluminium industry and its main applications. This is whe......
The 4th edition of Zak Aluminum Extrusions Expo
 Date

  14th - 16th December 2012

  Venue

  Pragati Maidan,

  New Delhi,India.

  Exhibition Timings

 ......
ALUMINIUM DUBAI 2011
Name:ALUMINIUM DUBAI 2011
Time:2011-5-9 to 2011-5-11
Place:Dubai International Convention & Exhibition Centre, Dubai, UAE......