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Reuters Review (5-10)
LME Market: Nickel prices hit a seven-month high nearing the close on Tuesday, as supply of metal nickel was tight and inventory fell. In addition to aluminum, other base metals followed nickel futures. Three-month copper closed up $10 per ton 3,223; spot/three-month copper inverse price differential fell slightly to $140. Three-month aluminum fell by $10 to 1,775 per tonne. COMEX Copper: Copper closed slightly higher on Tuesday, intraday trading was stagnant. One floor trading today The business suddenly fell to the ground and later died in the hospital. The Exchange stated that an independent floor trader suddenly fell to the ground about 10 minutes after the opening and people were given emergency treatment. For this reason COMEX and the New York Mercantile Exchange (NYBOT) ) Stop trading for about 40 minutes. The broker said that in the rest of the time, the sentiment in the copper market became very depressed. A trader in New York said, "All the metal trading today is very quiet, and the late copper rises to follow other metals. Trend." The July July copper settlement price rose 1.05 cents to $1.4570 per pound. The intraday range was 1.4425-1.46. The spot copper price in May rose 1.55 cents to $1.4920 per pound. The far month contract settlement price. Up 0.95-1.15 cents. Estimated volume is only 8,000, low Monday's 9,404 ports bleak atmosphere of most investors stay on the sidelines as of Monday mouth to reduce 1,319 positions to 104,196 date: 2005-5-11