LME market - London Metal Exchange (LME) copper closed lower on Tuesday, but pulled out of the day low, attracting buying at the time when the US dollar weakened, but analysts said the market remains weak. Traders cannot conclude that a strong investment fund will Deciding which direction to push the market in. The market's buzzing with potential sales at the end of the previous quarter did not appear. Bach Financial's metal analyst McMillan said, "I think the market is in a certain degree of instability." "People Do not dare to go short, especially when the fundamentals of copper are indeed very good. "The three-month copper futures composite trading closed at $3,235 per ton, down from Monday's 3,245, but far from the day's low 3,209. Stronger to attract capital out of the base metals market, copper has fallen sharply from the record high of US$3,308 set last week. Barclays Capital stated that while some macro hedge funds have benefited from concerns that high oil prices and rising interest rates will affect metal demand, they have long-term benefits. The flow of investment funds into the commodity market remains "very positive." But JP Morgan said that mining stocks may be affected by the recent decline in the popularity of base metals. JP Morgan said investors Should consider exiting the field and rejoin the second half of this year. The three-month aluminum follow-up copper performance rebounded from a four-week low of 1,911.50 dollars set in the trading session and closed at 1,935 dollars, only a dollar lower than yesterday's closing. Traders said aluminum futures have attracted fund buying at low levels. COMEX Copper – Copper futures on the New York Mercantile Exchange (COMEX) closed lower on Tuesday, but cut back after the dollar’s ​​gains faded. A broker said “Accept The euro lifted from the lows. There was no direct link but it appeared to have been boosted by the strengthening of the euro. It only fluctuated within the range and the fluctuations were practically insignificant. "The May copper closed down 1.05 cents to $1.4845 per pound. The investment range was 1.4645-1.4940 USD. The spot April price fell by approximately 0.95 cents to US$1.4965. The other month's contracts closed down by 0.90-1.15 US cents. The COMEX copper volume was estimated at 14,000, compared to 12,334 on Monday. The open interest on Monday increased by 1,308 to 119,922.
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