Increased volatility in non-ferrous metal near major selling levels

On the last trading day, all major non-ferrous metals touched new highs, with copper, aluminum and zinc recording $9616/mt, $2242/mt and $2952/mt, respectively. All of these levels tested important selling areas, with the metals now giving way to new settlement/corrective movements.

On a seasonal basis it is possible to observe how prices in February and March have recorded new highs in the third and fourth week of February while the month of March assumes new profit taking, very considerable on aluminum and copper while on zinc possible recoveries by the end.