Nonferrous Mostly Keeps Weak Today, SHFE Copper Remains Fluctuated

Published: Sep 28, 2017 17:24

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Today nonferrous metals mostly keeps week. SHFE copper moves relatibely fluctuated.

SHANGHAI, Sept. 28 (SMM)－

Copper: Bulls and bears tend to reduce stock. Shanghai Copper remains volatile. In night need to pay attention to final value of annualized rate of US actual GDP in the second quarter and number of American people who apply for unemployment compensation for the first time on the week of Sept.23^rd.

Tin: Today nonferrous metals mostly keeps week. Shanghai Tin moves in a relatively stable way. Need to focus on trends of leaving capital before the holiday. The supporting point below of Shanghai Futures Tin is 145,400 yuan per ton and the resistance point is 147,000 yuan per tonne.

Nickel: Shanghai Nickel is estimated to move in a volatile way in night with probable resistance near 84,000 yuan per tonne.

Zinc: Games between bulls and bears is still in struggle during the day. Main part of SHFE Zinc keeps volatile below the moving average in pressure. SHFE Zinc ends a constant high with finishing low. Before the national day holiday, AHFE Zinc is estimated to remain tendency during the day in a prudent way.

Aluminum: Capital tends to leave before holiday. It is recommended to wait and see with empty stock before the holiday. Need to focus on industrial news and trend of London Aluminium during the holiday.

Lead: Close to national day holiday hedging emotion of bulls and bears has increased with duping stock. SHFE Lead has touched the moving average below and probably will move around 5-day moving average for short term.

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copper aluminium lead zinc tin nickel

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