Other metals also rose, but were challenged at the top of the resistance, with lead resistance at $1,900/ton, zinc at $2,200/ton, and aluminum at $2,250/ton. Early in the London market, the base metal prices remained stable, but trading was mostly more conventional due to traders waiting for the outcome of the EU summit.
In the end, on the afternoon of the 26th, the German parliament approved an EFSF expansion plan - which was a buying signal to the market - and copper rose sharply to over 7,800 U.S. dollars per ton to 7,920 U.S. dollars per ton. The euro rose to 1.3975 against the US dollar. However, as the market digested the news, the base metal prices fell, and the euro once again slightly lower.
The London market closed at 5:00 pm. As the U.S. dollar strengthened, except for copper, all other LME base metals closed near their intraday lows. Lead time reported at 1,924 U.S. dollars per ton and zinc futures at 1,855 U.S. dollars per ton. It was reported at US$21,375/ton, with copper reporting at US$7,680/ton, and aluminum reported at US$2,215/ton.
In terms of economic data, U.S. home sales rose in September, but house prices are still under pressure. In the United States, durable goods orders fell overall in September, dropping 0.8%, while consumer confidence remained poor.
The precious metals rose again on the 26th. As the “heaven-heaven†rebound continues, gold futures have risen to $1,720/oz, given the persistence of economic uncertainties in Europe. Silver futures also moved higher, investing $34 per ounce. Crude oil futures gave up some of the gains in the week of the 26th and fell back to below US$92/barrel. The support is expected to be at US$90/barrel.
LED Light Tower
A LED light tower is a portable lighting system that uses LED (Light Emitting Diode) technology to provide bright and efficient illumination. It is commonly used in construction sites, outdoor events, emergency situations, and other applications where temporary lighting is needed.
LED light towers are designed to be easily transported and set up, with features such as telescopic masts and wheels for mobility. They typically consist of multiple LED light fixtures mounted on a tall mast, which can be extended to different heights to provide optimal lighting coverage.
LED technology offers several advantages over traditional lighting sources such as halogen or metal halide lamps. LEDs are more energy-efficient, providing the same or higher light output while consuming less power. They also have a longer lifespan, reducing the need for frequent bulb replacements. LED light towers are also more durable and resistant to shock and vibration, making them suitable for rugged environments.
Some LED light towers come with additional features such as adjustable light angles, remote control operation, and built-in power outlets for other equipment. They can be powered by electricity from a generator or connected to a power source, and some models also offer solar-powered options for eco-friendly operation.
Overall, LED light towers offer a reliable and efficient lighting solution for various applications, providing bright illumination while minimizing energy consumption and maintenance requirements.
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