LME Market Report --- Base metals closing down, unexpectedly weak non-agricultural employment data triggers selling

Traders said that the London Metal Exchange (LME) base metal fell sharply in late Friday in the United States announced the weak position of non-agricultural employment data investors to clear the site. In March the United States only increased 1100 people in the employment population for eight months to a smaller increase It is less than half of Wall Street analysts’ estimated value of 220,000. The downturn in base metal market sentiment is not expected to increase after some metals have risen on Thursday. “The non-agricultural employment data is very bad... It was the day before the new month and no one intended to buy on Friday so the price fell. "A trader said. Copper futures were pressured by profit-taking pressure and fell on the previous date. Copper was hit by fund buying and weaker US dollar. The high point is $3,308. One analyst said: "There is no doubt that the metal's fundamentals are still tight. This could easily lead the price further higher. But if the dollar recovers, the metal will be easy to re-emerge. Technical pressure may cause copper to double Top form. "The three-month copper evening market closed down $58 or 1.76% to $3,232 per tonne. Spot/three-month copper reversed the gap to 147/149 from yesterday's $163. Morgan Stanley Week Five represents copper Less in the next 12 months, the supply shortage will remain at a very low level. Although this is still largely dependent on China’s demand, the three-month lead once fell by nearly 4% to every Ton 951 US dollars lower than the final 35 US dollars reported 935. Analysts said the main use of lead in the production of automotive batteries in 2005 the trend will be very good. Three-month aluminum fell more than 2% or 45 US dollars to 1 928 US dollars fell below 1 950 US dollars Technical level. Three-month zinc fell 28 to 1 347 dollars. Tin fell 100 to 8025 dollars. Nickel fell 325 dollars to 15 575 dollars.

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