AMT Trader Metal Daily Comment: The Reserve Bank of China Determined to Sharpen Copper Prices before Concussion

Copper: Copper rebounded again and ended higher again. The decision of the State Reserve of China is still a great destabilizing factor, but before the decision is more clear, the price of copper will continue to fluctuate. Aluminium: Following a large number of long liquidations during the pre-market trading on the 14th, the aluminum price fell below US$2030/tonne, the market began to cope with the decline in aluminum prices, and gained good buying support at the end of the trading day. USD 2050/ton nearby. Lead: Lead was hit by strong selling pressure in early trading on the 14th and fell to a low of 962 US dollars/ton. Buying into the market at midday led to a rebound in lead, but the rebound was not enough and lead remained low. If lead is expected to rise on the 15th, it will trigger more selling. Zinc: Zinc futures held steady at 1590 USD/ton in early morning trading. Although fund buying provided support, it is expected that the outlook will remain bearish. Tin: Reproduce the boring day and maintain trading within a narrow range. Nickel: It's a rather boring day, maintaining trading within narrow limits.