LME three-month copper and aluminum futures closed higher on the 24th
2022-08-17 11:04:27
Affected by the falling dollar and technical buying, LME three-month copper and aluminum futures closed higher on November 24th. The three-month copper futures of LME and aluminum futures closed higher on the 24th as the dollar fell and technical buying prompted the fundamentals of spot copper to support copper prices. LME three-month copper rose more than 3,100 US dollars / ton in the morning on the 24th, higher hit 3114.50 US dollars / ton, despite this, the price of copper could not be closed at 3100 US dollars / ton above. On the 24th, London’s copper inventories fell by 300 tons to 62,050 tons. LME three-month aluminum followed the copper price trend in the morning, and then broke through 1,800 USdollars/ton under technical buying, hitting 1,838 USdollars/ton higher, but it caused profit-taking. Analysts said that aluminum prices break the downward trend and technically it will rise. The three-month nickel of LME rose slightly and still maintained the range of USD 13,500-14,760/ton. LME three-month tin closed below support at $9,000/ton.
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