LME-based metals closed higher on the 24th

[World Financial News] LME-based metals closed higher on the 24th, with copper and aluminum futures leading the gains. Comprehensive foreign news report on December 24, the London Metal Exchange (LME) base metals closed higher on the 24th, which led the copper and aluminum futures. This indicates that the uptrend will continue until the end of the year. Due to only half a day trading on LME on the 24th, trading on the floor was light. The New York Mercantile Exchange is closed on the 24th of the day. LME24 aluminum stocks increased by 4,475 tons to 700,400 tons. Boosted by buying, LME's three-month aluminum plate touched a nine-year high of $1,934/tonne, closing slightly off its previous high. Roland Carson, an analyst at Triland Metals, said that the next resistance for LME three-month aluminum is expected to be $1,950/tonne. He said that if aluminum prices rise more than $1,950, it will further rise to the $1,976-2,000 area. If aluminum prices close below the support level of $1,870, the current rally will be abolished. On the 24th, LME three-month copper rose 1% to close at US$3,094/ton. The three-month tin of LME briefly bounced back to the $8,000 mark but closed below this level. This indicates that the tin price may fall further. LME three-month tin fell to an 11-month low of $7,600/ton on the 23rd. Standard Chartered Bank analyst Robin Bhar predicts that the next resistance for LME three-month tin will be US$7,000/tonne. The nickel stocks in LME on the 24th increased by 732 tons, which dragged down the nickel price from the intraday high of 14,950 US dollars to close at 14,700 US dollars / ton, slightly higher than the 23rd. Driven by fund buying, nickel prices rose in 2004 and the volatility was relatively large, which led stainless steel makers to reduce demand for nickel. Source: China International Futures Brokerage Co., Ltd.

Sliding Gate & Swing Gate

A sliding gate is a type of gate that operates by sliding horizontally along a track. It is commonly used for driveways, entrances, and other areas where a traditional swinging gate may not be practical or space-efficient.


Sliding gates are typically made of metal, such as steel or aluminum, and can be automated or operated manually. They are often equipped with wheels or rollers that allow them to slide smoothly along the track.


Automated sliding gates are controlled by an electric motor that opens and closes the gate. They can be operated using a variety of methods, including remote controls, keypads, or sensors. Some sliding gates also have safety features, such as obstacle detection sensors, to prevent accidents or damage.


Sliding gates offer several advantages over other types of gates. They require less space to operate since they don't swing open or closed. This makes them ideal for properties with limited space or steep driveways. They are also more secure and harder to force open compared to swinging gates.


However, sliding gates do have some limitations. They require a level and smooth surface for the gate to slide properly. They can also be more expensive to install and maintain compared to other types of gates.


Overall, sliding gates are a popular choice for homeowners and businesses looking for a convenient, secure, and space-saving gate solution.

Sliding Gate,Swing Gate,Security Swing Gate,Garden Gate

Anping Xinlong Wire Mesh Manufacture Co.,Ltd. , https://www.xinlongfence.com

Posted on