• LME market: Copper futures on the London Metal Exchange (LME) fell on Tuesday, but closed off from low levels as trade buying at the end of the session was cut in the morning due to the decline in the US dollar against the euro. A trader said that the initial market The dollar was under pressure, but it was boosted by trade buying in the afternoon, especially copper futures and aluminum futures. He said that the short-term tension of copper and lead seems to continue until next week. Spot/January 21 copper inverse price difference is 2 USD, spot / January 26 copper inverse price difference is 13 US dollars, 9 February / February 16 copper inverse price difference is 22 US dollars. Barclays Capital said in the report that the period of copper prices began to decline on Monday, due to rumored that China The State Bureau of Materials Reserve held short positions on the Shanghai Futures Exchange and was short on the LME market. At 1735 GMT, the euro/dollar reported $1.3030, which had earlier fallen to a low of 1.2996 since November. The U.S. monthly net capital inflow is enough to make up for the huge current account deficit. The U.S. dollar is encouraged. As the U.S. rate hike is expected to increase in financial markets, speculators are cautious about increasing new long positions, as this rumors will boost The dollar is higher, And making base metals more expensive for other currency holders. As the dollar rises, traders are also worried about higher oil prices. Standard Bank analyst Barr said that if oil prices rise above $50 a barrel, it will cause greater concern. It will become another obstacle to the global economic growth. He expects copper futures at 2,970 US dollars, resistance at 3,020, followed by 3,050. However, traders said that the market has been supported by the stock exchange stocks greatly reduced, copper stocks further reduced today 850 Ton to 43,525 tons, which is lower since 1988. Three-month lead fell by $7 to 895. Three-month nickel fell by $200 to 14,650, three-month zinc rose by $4 to 1,248. Three months Tin increased 25 US dollars to 7,500. LME copper: three-month copper closed at 3,010 US dollars per ton, compared with Monday's composite trading price fell by 10 US dollars, trading range between 2,972-3,027 US dollars. LME aluminum: three months Aluminum rose 12 US dollars to 1,834. COMEX Copper: Copper futures on the New York Mercantile Exchange (COMEX) closed higher on Tuesday and the fund entered the market after the copper price fell earlier. Traders said that the sharp rise in the US dollar caused copper to fall in early trading. Copper held its good support, and later from here Bounce. After the fund was bought, the dealers who had shorted positions in the stocks began to buy, thus pushing up the price of copper. A broker said that the fund's segmented bargain hunters will help copper to hold onto the support level, and there will be a wave of rush. The sell order made more funds available for bargain hunters. The benchmark index rose by 0.25 cents to $1.4015 per pound on the 3rd of March, and the intraday trading range was 1.3720-1.4050. The January contract rose 0.60 cents to the spot. 1.44 US dollars. The rest of the month's contracts ended higher by 0.10-0.95 cents. The estimated closing volume was 9,000, almost double the 4,768 last Friday. Although the dollar rose at the beginning of the period, copper fell, but the metal dealers From the end of last week, we started to use copper's strong fundamentals as a reason to buy. Source: China International Futures Brokerage Co., Ltd.