LME Market Report

• LME Market Report – Base metals mixed, followed by sluggishness after fund selling last week The London Metal Exchange (LME) base metals closed mixed on Monday, following heavy metal selling after last week’s selling Still fragile. A trader said, "The current market is boring. The impact of last week's selling was still very cautious." However, analysts pointed out that metal prices have rebounded. Sempra Metals analyst Kemp pointed out that during the majority of this year's daily average volume has declined, while prices have steadily increased, and market volatility has become even more extreme. For example, LME Copper's average trading volume in November was around 69,000 tons, which is a decrease of about 21,000 tons compared with October. Man Financial pointed out that the key US economic data has generally improved this year. Investors are concerned about these data to explore their possible impact on the US dollar. According to his daily report, "This should help the metal maintain its stability, but there will be occasional sharp but short-term corrections in the transaction." The market is fully concerned about the trend of the US dollar, especially after continuing to wear out in the near future. The dollar rose on Monday, but traders said that its longer-term trend will still be a decline. The three-month copper trade closed at $2,990/ton, which was 12 points lower than the composite transaction last Friday. Traders expect the market outlook for copper to fluctuate in the range of 2,960/70-3,040/50. The three-month aluminum situation is similar to that of copper, which also benefited from the weak US dollar and consumer buying interest. It closed higher by US$14 to 1,822 yuan per tonne on Monday; the three-month nickel fell by US$50 to 12,925 yuan per tonne; three-month zinc fell. From US$4 to 1,168; three-month lead fell by US$0.50 to 951; three-month tin fell by US$5 to 8,770 per ton.

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