Tuesday, June 19, 2012

720 fell 0.37%. On the outside

129835668778750000_438Late rebound in non-ferrous metals also fell just a Flash in the Pan Today's domestic non-ferrous metals all fell sharply after a strong rebound later in the mornings, rally rally was only a blip. On specific varieties, Shanghai copper sharply early afternoon all the way down until it hit its lowest close at the close of 53,640, 0.07%, transactions and positions are not much has changed, market Outlook remains bullish; Shanghai aluminum, zinc-lead-Shanghai, Shanghai ShanghaiCopper in the night all the way were volatile downward trend, Shanghai aluminium slipped to its lowest point after 15,860 slightly back, finally fell at 15,890 0.06%; 1208 lead Shanghai charge 15,030 falls 0.23%; 1209 Shanghai zinc cent 14,720 fell 0.37%. On the outside, most of LME metal during Asian midday floating green, up to Beijing16:00,LME, LME Zinc copper contracts decreased by 3 months visit the site, 0.16%;LME Al 0.44%, LME lead up, 3 months contract, 0.1%. Message on the surface, its interest on the policy, the European Central Bank announced after the meeting, maintaining the current benchmark interest rate of 1%, this decision is consistent with market expectations, after the EuropeanChau Central Bank Chairman addressed Mr Draghi says that Europe still faces downside risks, did not have too many amendments on economic expectations view the site, the news boosted market sentiment for a short time, but it also limits non-ferrous metals recovery space. Market today all eyes are focused on Federal Reserve Chairman Ben Bernanke will be in the United States Congress joint Economic Committee hearing on the speech, he said at the meetingQE3 you mentioned will be investors expect. In a complex economic situation, there are no clear macro-policy, European debt problems evoked the possibility of systemic risk still exists, short atmosphere is still dominant, non-ferrous metals rally expected should not be too high.

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