The situation in the metals market, in spite of the difficult situation in the money markets remain very supportive for bulls, namely prices for copper are trading at record highs - $ 9210 and is currently on the LME hold in the region $ 9190 per tonne, gaining 2.22% on the day .
Traders said that the pretext for the sharp increase in revaluation was betting opportunities in China, another increase is expected before the end of the year, almost all professionals.
However, metal and found a large number of other positive aspects, from those powerful bull. paintings and relevant financial statistics and ended higher copper production in China, which in the beginning of November, a record high.
Attitude with regard to copper remains positive, and traders say that the test of emotional resilience at $ 10,000 will happen in the near future, also cautioned that in anticipation of the new year, the upward movement may be unstable and will be limited to profit-taking.
Meanwhile, the cost for the other alloys is also growing: aluminum podrozhal by 0.95% to $ 2330 per ton, nickel gained 1.42% to $ 24,320, lead - 1.89% to $ 2435.25 per tonne. Zinc, meanwhile, has increased in value by 2.24% to $ 2325, and the tin stood out lower by 0.54% to $ 25,660, indicating a failure to attempt to break above $ 26,200 a tonne.
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