June 26th metal price commentary

& nbsp; & nbsp; & nbsp; copper: Greek debt negotiations still no significant progress, subject to impact of light of market transactions, overnight LME copper fell slightly; on China's favorable policies or drive the copper market demand is expected to optimism support prices, is expected to today copper stabilized.

& nbsp; & nbsp; & nbsp; aluminum prices: the United States may personal consumption expenditures a nearly six year high economic stabilization and recovery of the signal reproduction, overnight LME aluminum rebounded slightly closed up $9, but summer demand qudan aluminum price or upstream weakness, this spot aluminum changed little.

Zinc price: repayment deadline is approaching the Greek deal is not reached, increase the market risk aversion, overnight LME zinc fell $5, the market's lack of a positive factors support, material this Shanghai zinc weak shocks, zinc prices or limited ups and downs.

Lead prices: the United States June services purchasing managers index fell to 1 months since the lowest $involvement lower, overnight LME lead rose, but the current macro news partial light, Shanghai lead the trend of lack of guidance, material lead prices continue to be weak.

Tin price: overnight tin fell 2.6% back below $15000; Shanghai tin activity declined, short-term price of tin is not optimistic about the aggravate the bearish sentiment in the market, the domestic spot market supply and demand two weak, today we tin or to fall.

Nickel prices: the Greek debt crisis worries will not ease that market sentiment cautious, overnight LME nickel fell slightly, the domestic stainless steel production declining to suppress the original nickel demand outlook, day in Shanghai nickel consolidation, nickel fell slightly.