LME Market Report: Profits Sell, Base Metals Drop

London, December 14 news: The London Metal Exchange (LME) base metals generally fell on Tuesday, traders said that a stronger US dollar triggered profit-taking sales. The dollar rose against the euro and the yen Tuesday, due to the Federal Reserve Board (FED) expects investors to lock in profits against other currencies before it announces its fifth interest rate increase this year. One trader said, "The dollar opened lower, incentivising some short-covering buying of copper; but with the dollar Rising, metal prices turned lower.” The Fed is expected to announce a rate hike of 25 basis points. This will make US interest rates higher than the current 2% euro zone rate for the first time since early 2001. The Fed interest rate statement will be announced at 1915GMT. In the final session, the euro/dollar reported 1.3272 US dollars, down 0.3% the same day, last week hit a record high of 1.3470. Three-month copper closed at 2,968 US dollars per ton, compared with Monday's composite trading fell by 2 US dollars. Three-month early copper plate Rising to a high of 2,977.50 U.S. dollars, benefited from short covering and low inventory levels. At midday, copper prices continued to climb to a high of 2,992.50 U.S. dollars. The spot/three-month inverse spread widened to $130/135, which was less than $100 last week. Spot/January's reverse spread was $58 and closed at $53 on Monday. LME's 14-day copper inventories fell by 475 tons to 54,850 tons. Copper stocks in London are expected to decline further. An analyst said, “After entering the New Year, the reversal of the spread may be eased, and the price may once again weaken, but this will largely depend on the trend of the US dollar.” Three-month aluminum closed down 17 US dollars at 1,795 US dollars. It gained an intraday high of 1,814.50 US dollars, and the trading volume was scarce. LME14 aluminum stocks fell by 2,225 tons to 704,950 tons. Analysts pointed out that the aluminum needs to break through the resistance at 1,820/30 to sustain the recent rally. In the early session, buyers showed buying, but the buying failed to continue. Therefore, LME three-month zinc fell from a high of $1,166 to Below $ 1,150. Zinc fell 9 US dollars to 1,154. Lead fell by 7 U.S. dollars to 937 U.S. dollars, and tin fell from 8,850 U.S. dollars to 8,780 U.S. dollars. Nickel fell by 75 U.S. dollars to 12,900 U.S. dollars. Source: China International Futures Brokerage Co., Ltd.

Elevator Control Modernization

Elevator Control Modernization, Elevator Controller Modernization, Elevator Control System Modernization, Elevator Complete Control System Modernization

REASONS TO MODERNIZE YOUR ELEVATOR CONTROLS:

  • You are experiencing higher repair costs related to controls
  • Inefficient, poor reliability and operation
  • Public safety considerations
  • Long customer/tenant wait times
  • Increased shutdowns and entrapments
  • Landing and leveling problems
  • Poor ride quality
  • Decrease energy costs
  • Serviceability/Proprietary Controls
  • Obsolescence


CEP Elevator Products specializes in custom elevator control modernization, ranging from simple updating of controls, cab and hall fixtures, to extensive replacement of all your existing elevator equipment. Elevator modernizations keep older buildings competitive with newer buildings, and typically provide a good financial return on your building as well as improving your elevators safety, reliability and performance. Depending on the age and condition of your elevator equipment, the extent of the modernization may vary. We can provide you with a free survey of your current equipment, and provide detailed information regarding the range of options for your upgrade. In addition to increasing the reliability and performance of your elevator, We will bring your elevator equipment up to current codes.

We only uses the best available equipment when performing modernizations. All modernizations begin with non-proprietary control systems and equipment which will enable you to use any qualified elevator service company of your choice to maintain your equipment in the future. Many large, international companies will only install their own proprietary controls and equipment which make it virtually impossible for building owners to change service companies down the road, regardless of the quality of service. This not only locks the building owner to one service company for the life of the equipment, it can also be costly in higher repair and maintenance costs.

After performing modernizations for over two decades, We have the experience and expertise to select the best individual components for your elevator. Many companies try to save money by cutting corners and using lower quality components; however we believe that the slightly higher price of the best components is well worth the cost to ensure that you not only get the look you expect, but also the performance and reliability for many years to come.



Elevator Control Modernization, Elevator Controller Modernization, Elevator Control System Modernization, Elevator Complete Control System Modernization

CEP Elevator Products ( China ) Co., Ltd. , https://www.zjsmartcommercialescalators.com