Li Rong
Li Rong
cautious london mark prices volatility
I'm a little cautious as London prices at $5,000 mark is a very important price level. I think at this price volatility will emerge.
boost funds giving metal strong
Funds are giving a strong boost to metal prices.
betting copper dare gains given high might pulled short traders volume
Given such high copper prices, no traders dare to put on short positions, and that's why volume reduced. Some traders pulled investments from copper into aluminum, betting gains in aluminum might be bigger.
copper driver higher main push
Overall, the push from speculators is the main driver for higher copper prices.
build copper dares fresh global nobody positions short supply
Global supply of copper is tight. Nobody dares to build fresh short positions in this situation.