January 19 Metal Handling Recommendations

LME copper futures fell somewhat due to the strength of US dollar strength in the morning. The lack of real selling caused the price drop to be limited and closed at 3013 US dollars. This shows that the short-term copper market trend is more messy and still in the interval. Wide oscillations dominate. Shanghai copper is expected to maintain its relative strength in the tight spot market today. Note the price fluctuations of the third Wednesday of today's London copper. LME aluminum futures edged higher and closed at 1832 US dollars. It is building a low-end support platform in the short-term. As time goes by, Al Leng aluminum's downside will be narrowed and even finished with minor oscillations. Shanghai Aluminum remained strong in the short term under the support of insufficient supply in the depleted areas, but its lack of real buying will make short-term gains also weak. Shanghai aluminum is still expected to be sideways. Operationally, investors are advised to wait for a bargain-hunting opportunity.

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