Three-month composite trading closing support resistance at 14th RSI on the 10th MA 30th MA copper 3270.00 * 3200 * 3336 * 80 * 3121 * 3133 aluminum 1790.00 * 1750 * 1820 * 72 * 1758 * 1769 London June 6 news : Traders said that the London Metal Exchange (LME) copper reached near-term record highs early Monday, as pushed by China and fund buying. Chinese investors covered short positions to boost LME three-month copper prices to 3,314.50 per ton. The U.S. dollar was more than 40 U.S. dollars higher than the closing price of London's late night session on Friday, but it was lower than the historical high of 3,336/38 hit on April 12. At 0635 GMT, the three-month copper was at 3,313/317 U.S. dollars per ton. Last Friday, it closed at a five-week high of 3,270. A Japanese trader said that outside the Chinese buying, the fund also has an impact. "The increase has been suspended because most of the Shanghai copper is set at a daily limit, but we expect London to be later. It will also explore new record highs.†Shanghai spot copper futures hit a daily limit in Asia late last Friday and also followed LME gains and jumped 3% last Friday. Traders said that high prices have caused many Japanese traders to wait and see, but Japanese copper consumers have to return to the market in mid-month. Inventory decline and now The monthly copper delivery date is few, supporting the reverse spread. The spot price/three-month spread is held at 232 US dollars. The three-month aluminum trading is relatively quiet, following the copper gains slightly up 10 US dollars to 1,800/801. USD. Three-month composite trading closing support resistance at 14th RSI on the 10th MA 30th MA copper 3270.00 * 3200 * 3336 * 80 * 3121 * 3133 aluminum 1790.00 * 1750 * 1820 * 72 * 1758 * 1769 London June 6 News: Traders said that the London Metal Exchange (LME) copper reached near-term record highs early Monday as it was pushed up by China and fund buying. Chinese investors covered short positions to boost LME three-month copper prices to US$3,314.50 per tonne, which is more than US$40 higher than the closing price of the late night London Composite Market on Friday, but lower than the historical high of 3,336/38 hit on April 12. 0635 GMT, three-month copper 3,313/ton Last week, the 317 US dollars closed at a five-week high of 3,270. A Japanese trader said that outside the Chinese buying market, the fund also has an impact. "The increase has been suspended because most of the Shanghai copper producers have set a daily limit, but we expect London to A new record high will be explored later." Shanghai spot copper futures in Asia It hit a daily limit, and it also followed LME’s rally on Friday and jumped 3%. Traders said that high prices caused many Japanese traders to wait and see, but Japanese copper consumers had to return to the market mid-month. Inventory fell and Copper spot copper prices from the delivery date is small, supporting the reverse price difference. Indicator spot / three months price difference held at 232 US dollars. Three-month aluminum trading was relatively quiet, followed by copper gains slightly rose 10 US dollars to 1,800/ 801 US dollars.
The main uses of carbide burrs:
Finish machining of various metal mold cavities; craft engraving of various metals and non-metals, engraving of craft gifts; cleaning up flash and welds of casting, forging, and welding parts, such as machine foundries, shipyards
Etc.; chamfering and rounding of various mechanical parts and processing of grooves, finishing of the inner hole surface of mechanical parts, etc.
Carbide Burr,Tungsten Carbide Cutting Tool,Double Machine Tool,Grinding Stone
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