LME Copper: Copper futures fluctuate in the near-term range, and after two weeks before the fund’s heavy sell-off, the market is expected to remain cautious. McMillan said, “The market conditions are still somewhat flat. Copper has been fluctuating in sparse conditions. The trend of the US dollar, there should be more consumer buying, but consumer buying is particularly small. "Three-month copper closed higher than the final 8 US dollars to 2,800 yuan per ton, intraday trading range of 2,814.5-2,760. LME aluminum: Aluminum performed strongly on Wednesday, as the market expects that if China imposes new tax regulations on the industry, its output and exports will decline. Bache Financial Mining analyst McMillan said that the Chinese government may impose tax on aluminum exports, and in the next year 1 The cancellation of the 8% aluminum export tax rebate on the 1st of the month incentivized buying. However, aluminum still failed to break the trading range of 1,780-1,733 US dollars per ton because there was no follow-up buying. Three-month aluminum closed up 20 dollars. In late-night synthetic trading, it closed at 1,770. The Chinese government's newer measures also stopped refiners from using outdated technology. McMillan said, "People are more aware that China is very serious about restraining the industry from overheating, but I think some people Interpretation of this "The simple fact is that there is no shortage of production capacity. Stop the old smelter and create opportunities for the establishment of a new smelter. The industry will be even stronger and more adaptable." COMEX Copper: Copper futures closed modestly higher on Wednesday. Consolidation continued after two weeks ago after a major setback and indicators were sought. Indicator December copper closed up 0.65 cents at $1.2880 per pound with intraday trading range of 1.2750-1.2950. Volume is estimated at 13,000. Mouth. Traders said that the news of strikes by workers from Peru’s larger copper producers and the El Abra copper mine in northern Chile, as well as copper prices rose at the beginning of the copper trading session, but fell within the range and finishing in the interval. One Chinese analyst said on Wednesday. China's copper production will increase by 10% next year, but more raw materials must be imported to ensure production growth and meet about one-third of refined copper demand.
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