LME Market: The London Metal Exchange (LME) base metal closed lower on Tuesday and held its downside support. The midday downtrend was once broadened in the afternoon, but it was cut back towards the close. It was light for most trading sessions today. , Small-scale orders drive price movements. The CTA's selling triggers stop-loss orders, which in turn trigger a downtrend in the afternoon, and then there is a covering. The fund's trading activity is also very limited, and the short-term uncertainty The overall market trend is still unclear. A source said: "The closer it seems to be often a small amount of transactions. People hold some parts, but not as big as usual. For some of us, this year seems difficult to start. , we must look at the direction of the next few months. "Traders and analysts said that China's economic growth data in the fourth quarter of last year was strong, supporting the basic metals market. China's fourth-quarter gross domestic product (GDP) grew over the same period last year 9.5%, but a senior official said that the timing of RMB exchange rate adjustment is still not mature and there is no possibility of raising interest rates. In April last year, copper prices fell by about 10% in two days because of China's steps to cool the economy. But Barclays Capital The analyst pointed out that The country's fixed asset investment growth continued to slow in December. The bank said in the report, "Although (China's fixed asset investment growth) has slowed down, the growth rate is still healthy for industrial metals, especially the inventory is extremely high. Low level. "The short-term supply tightness in the copper market will continue. The spot/three-month reverse spread has widened to 154/160 from Monday's $144. LME Copper: Three-month copper rebounded from a near-term low of $3,035, and The return to 3,050 level was closed at 3,054, which was still lower than the closing price of US$3,072 on Monday. LME Aluminium: The three-month aluminum had received a sell-stopping sell order below 1,815, and it was almost clear that it fell below the 1,100-day 100-day move. Average level but closed at 1,807, down $31. COMEX Copper: Copper futures on the New York Mercantile Exchange (COMEX) closed slightly lower on Tuesday, traders said that a stronger dollar put pressure on copper, but good economic data for the market Potential support was provided. One trader said, “The hedge (hedging) fund selling in early morning was mainly aimed at other metals other than copper, but it still dragged down copper. However, the copper found strong support. The stronger US dollar is also correct. The metal has gone off This helped boost the value of copper. March copper closed down 0.10 cent at $1.4290 per pound with a range of 1.41-1.436. Spot monthly price fell by approximately 0.20 cents to $1.4735, while the rest of the month closed at 0.25 points higher. -1.10 cents range. COMEX volume is estimated at 9,000, compared to 6,246 on Monday.
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