London, September 5 news: The London Metal Exchange (LME) base metal prices mostly fell on Monday, only the tin closed higher, trading was light; but the market once again worried about LME's zinc inventory in the delivery warehouse in New Orleans, USA. It rose to a five-and-a-half month high, as Hurricane Katrina caused the acquisition of zinc in LME in New Orleans to be blocked. Although prices began to soften, it is expected that the prospect of rising zinc prices remains positive. A trader said, “Metallic zinc is the main topic today.†Traders said that the very recent zinc price was affected by Hurricane Katrina, which swept New Orleans last Monday. A week later, New Orleans The condition of nearly 250,000 tons of zinc in the warehouse remains unclear, although last Wednesday LME stated that the registered zinc stock in the New Orleans warehouse can still be used for delivery. The stock of zinc in the stock is close to half of the LME zinc stock. LME in the past two trading days The three-month zinc price was boosted by the fact that the New Orleans region’s flood range and inventories were still unclear, rising 5%. Adm Rowley, Senior Commodity Analyst at Macquarie Bank, said: “People are not worried about whether or not inventory can be used, but they are worried about whether they can get zinc. The zinc in stock may not be available for two or three months, but such a large amount of new stock is Are there any nearby industrial users who can sit back and see? Other analysts believe that finding customers is less likely to make up for LME's zinc inventory on their own to make up for the demand. Jon Bergytheil, commodities analyst at JPMorgan, believes that industrial users are quite assured of zinc stocks. At present, the demand for zinc in the United States is calm.It is expected that zinc stocks will not be destroyed, but so far, zinc in zinc stocks in the affected areas is still not available.The price of Zn Ming/the next day is a positive price difference of US$10, and the spot/tomorrow trade is a positive price difference of 5 The U.S. dollar reflects investors’ reluctance to end up holding warehouse receipts in New Orleans warehouses. Three-month zinc futures closed at US$1,413 per tonne, down by US$4. The U.S. financial market was closed on Labor Day holiday and market transactions were relatively high here on Monday. Lightweight. The three-month copper evening market closed at $3,679/ton, down $9. Last Friday it hit a record high of 3,725. LME copper stock rose by 2,7 ​​on Monday. 50 tons, to 68,275, higher since November last year. The union workers of the copper producer Mexico Group's Cananea mine have already reached a preliminary agreement with the company to avoid a strike; but the company's American-based Asarco division is in two months. After that there was still no resolution of an industry dispute. Barclays Capital analysts said that “the copper is in a good uptrend. (The collective agreement reached by the Mexican group) has little effect on the market and may lead to a decline of about a few dollars, but for It's enough to prevent the copper from continuing to rise. I doubt it." Three-month aluminum fell by $10 to 1,870 per tonne. Three-month lead fell by $7 to 888 per tonne. Three-month nickel fell by $85 per tonne. 15,140. The three-month tin price was US$7,045/7,050 per ton, which was higher than the previous day's 7,025.
