Speculators are aggressively reducing the various positions of LME

The brokerage Macquarie Bank announced on Monday that the open interest on the London Metal Exchange (LME) has fallen sharply over the past two weeks, clearly showing speculators are aggressively reducing their LME positions. Macquarie Bank in the report The open interest contracts continued to decrease, regardless of whether the price is up or down. This would indicate both short covering and long positions. Open interest in LME metals and products for the five days ending October 21. A total of 73,630 cumulative reductions in aluminum open interest decreased by 33,755, while copper decreased by 17,623. The report also stated that "Given the market's severe turmoil more than a week ago, some market participants, special commodity trading advisory (CTA) funds, may Has chosen to reduce its base metal parts, due to the sharp fluctuations in the risk of holding parts too much. "This decline has reversed the trend of significant increases in open positions in early October. Macquarie Bank said, "We believe that In the first half of October, the price increase was almost entirely driven by trend traders, and the gains went far. “The drop in prices, and the subsequent withdrawal of speculative funds, made the price more consistent with the fundamentals. The agency stated that the demand is positive. change There are growing signs that the U.S. consumption rate has slowed down and that the momentum between January and August is now difficult to see again. However, there are signs that demand from China is heating up again. The supply of all metals has increased, but not enough In order to rebalance the market in the first half of 2005, “Our forecast consists of three aspects - price will be firm in the first half of next year and more spikes will occur, and the market will oscillate repeatedly.”

LED Underwater Boat Light

LED Underwater Boat Light has the characteristics of energy saving, high light efficiency, rich colors and long life.Underwater Boat Lights can emit a variety of colors, gorgeous and colorful, and can better illuminate under water. LEDER technology`s Underwater Boat Light has good waterproof effect. Moreover,the materials of LED Underwater Boat Lights are generally stainless steel outer panel and aluminum lamp body, which has the advantages of strong corrosion resistance and strong impact resistance.

Features:

• Contracted design

• Super waterproof performance

• Reasonable price

• Energy saving save electricity

• Easy to assemble

• Color temperature :3000k-6000K

• Strong impact resistance

• Type of protection: IP20 /IP65 (Some models)

• Warranty:3 - 5 years

LED Underwater Boat Light is a lamp installed under the water, with a small and delicate appearance and beautiful appearance.

We have rich production experience in lighting .Except Indoor Lighting product, we also offered other product in Outdoor Lighting ,such as LED Flood Light , LED street Light , LED Inground Light, LED Spike Light & LED Bollard Light as so on .

Fishing Light, LED Fishing Light, Lamp,LED Underwater Boat Light

JIANGMEN LEDERLIGHT LIGHTING Co.,LTD , https://www.floodlightsled.com