Reuters Review (5-09)

LME market: Base metal futures prices closed higher on Monday, boosted by short-covering buying; after Chinese investors spent a weeklong holiday, LME market volume increased. One trader said, “China’s early investment The market has entered the market in an attempt to keep pace with the market. With their arrival, market players are excited." LME Copper: The three-month copper evening market closed at $3,213 per ton, up 43 dollars or 1.3%. Man Financial analysts said. "The copper futures closed above 3,180. Similar gains are needed tomorrow to confirm a better technical outlook." He added that the United States released a better-than-expected non-farm employment report last Friday, quelled the market's negative sentiment, and invested The market is reassessing the market outlook. In the Asian market, tight supply has pushed the May futures on the Shanghai Futures Exchange to rise 3%. Chinese traders said that speculators holding short positions in the May contract were forced to close short on tight supply. The contract will expire on May 16. LME Aluminium: Three-month aluminum increased by US$16 to 1,785; Inventories fell by 2,125 tons to support. COMEX Copper: Copper futures closed modestly higher on Monday, opening about the same time and opening higher in Asian markets. Follow-up buying after the rise. Investors returned to the market after spending a week’s holiday. Metal traders ignored the dollar’s ​​rise against the euro to a three-week high. Instead, they focused on Chinese investors’ resumption of buying momentum, indicating strong demand for copper metal. Indicator July 7 Copper Settlement price rose 0.55 cents to 1.4465 US dollars per pound. Intraday was between 1.4350-1.4620. Spot May copper settlement price rose 0.45 cents to 1.4765 US dollars per pound in May. Far month contract settlement price rose 0.55 US dollars, but only a small amount A contract was reached. The estimated volume was only 9,000, compared with 8,124 last Friday. As of last Friday, the number of positions fell by 115 to 105,515

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