London April 25 news, LME base metal prices fell on Monday, but still in the near-term trading range, the market due to copper and aluminum futures are under pressure to sell, but the supply is still tight to provide support for market conditions. The three-month copper futures closed down $24 at late afternoon, at 3,253 yuan per ton. LME copper inventories fell by 775 tons on Monday, and recent inventories have increased significantly. However, copper stocks are still at record lows, and the spot/three-month futures price spread is 139/151 USD. Three-month aluminum fell 39 dollars to 1,829 dollars. Over the past 10 trading days, aluminum inventories have risen by 23,800 tons, or nearly 4.4%. Traders are also concerned about the trend of tin, after a cargo vessel carrying 575 tons of refined tin was seized by pirates on the way from Indonesia to Singapore. This shipment is equivalent to 13% of LME's tin inventory. Three-month tin closed down $20 at $8,080 per ton. Three-month nickel reported a drop of 15,15,945 U.S. dollars. Three-month zinc fell by 8 dollars to 1,299. Three-month lead fell by 8 US dollars to 937 US dollars.
