Reuters Review (12-16)

LME Market: The London Metal Exchange (LME) base metals ended mixed on Thursday, with price fluctuations largely affected by changes in the US exchange rate. Traders said that the intraday high of metals and hitting highs were boosted by the weaker dollar, but As the U.S. dollar subsequently rebounded, the underlying metals trend was dragged down. One trader said, "Price volatility is largely constrained by the exchange rate because there is not much news about metals today." Trading volume is generally lower, so near the end of the year. No one is willing to establish a large number of parts. With the arrival of the end of the year, the market liquidity will be reduced, and the prices may show wider fluctuations. "The market trend at the end of the year is unpredictable, and some large-scale organizations set up to avoid risks. This does not mean that they have stopped operating. It's just that they've earned money, so it's just more cautious." A fund source said, "We also know that trading is light before and after Christmas, but as a trader with certain rules, we don't intend to change Investment strategy. We will buy or sell as usual when there are trading signals." LME Copper: Three-month copper closed at the mid-point of the day trading range, intraday high just above 3,050 Yuan's resistance level was met, and then it bounced back near the support level of 3,000 US dollars. It closed at 3,022, and was up by 13 US dollars compared with Wednesday's comprehensive trading. LME Aluminium: Three-month aluminum rose by 8 US dollars to 1,833 per tonne, but halted. Before the 1,840/1,850 resistance zone. COMEX Copper: Copper futures on the New York Mercantile Exchange (COMEX) closed slightly higher on Thursday. Earlier, when the dollar fell, copper reached a two-week high, but when the dollar accelerated, it appeared in the market. Some of the fund's selling procedures. The indicator closed 0.35 cents higher at $1.39 per pound in March 2005 and hit a two-week high of 1.4080. The intraday low moved up to 1.3790. Spot December copper closed higher 0.15 cents to $1.4660 per pound. The rest of the month increased by about 0.15 to 0.35 cents. Some forward contracts hit a new contract high. Copper trading volume was estimated at 9,000, which is close to 9,400 on Wednesday. The U.S. economic data was unexpectedly strong, but the impact on the price of copper was rather complicated. The number of initial jobless claims dropped last week, and the Federal Reserve Bank of Philadelphia’s manufacturing index rose while the U.S. current account deficit is smaller than market expectations, but these figures are in the booster period. Price rise Meanwhile, the dollar is also on the rise, which in turn weighed on copper.