The London Metal Exchange (LME) base metal closed lower on Tuesday, traders said, because it was because a few positions were cleared after the momentum of the previous two-day upswing lost momentum. One trader said, “The metal price is uncertain for most of the time today. At the close of Monday's closing level, prices fluctuate. When the fund buying stopped, prices fell. " Three-month copper closed at $ 3,338 per ton, down $ 27 from the late day trading session of the previous trading day. "We originally expected one The wave of CTA buying did not appear today and we were surprised. "Another trader said that LME copper stocks were a modest increase of 300 tons from the 31-year lows touched on Monday, and analysts believe that this will inhibit market movements." **Industry strikes are expected to boost market confidence* The strike at the Nkana smelter in Zambia of Konkola Copper Mines (KCM) came too late to provide support for the market. However, traders pointed out that the strike may help boost market confidence. , And Grupo Mexico's Asarco's 1,500 workers continue to strike will also promote market sentiment. Another trader said, "Any strike incident may make the market uneasy, but I think the market needs fee Some time to digest this factor. " Spot / three-month copper inverse price difference reported $ 243/248 per ton. Three-month aluminum seems to withstand the test of selling pressure better than copper, closing down $ 12 to 1,805 Dealers said, "It seems that the aluminum futures are more prosperous than the long-term funds. This may be the reason why the aluminum decline is smaller than the copper futures." Three-month zinc reported $1,210, down $24; three-month lead declined From US$20 to 850; Nickel was not traded, and the offer price was 14,750/800 U.S. dollars. The closing price was 14,825 yesterday. The U.S. dollar report was 7,7075 U.S. dollars and it closed at 7,050/150 yesterday.
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