LME market: Base metals saw the trend on Friday afternoon, late-night mixed-stock transactions ended mixed, but they are still within the near-term range. Traders said that the worse-than-expected employment report issued by the United States affects the market, but the impact is not significant. The metal market has a dilemma between fund selling, traders, and consumer buying. In the United States, non-agricultural employment increased by 112,000 in November, which was lower than the estimated 180,000. The October data was revised to 303,000. Traders said, "The market oscillated, but the market closed pretty well." LME Copper: Three-month copper always fluctuates around $ 3,000 to close at $ 3,002 per ton, closing at 2,990 on Thursday. The trader said, "copper The performance is quite good. It does break down, but it still holds up the support level to carry out range volatility. "This period of copper price fluctuations is quite large, but the oscillation range is not as high as in early October. The higher market has reached $3,175, and it is ultimately sold by the fund. The pressure on the market closed down 16% this week. The weaker technical indicators prompted the fund to sell, causing the price of copper to fall by about $100 this week. He said, "Copper has failed to stand firm above 3,100, but it fell to the current level we see. To consumers began to buy." LME aluminum: three months Aluminum was struggling, but consumers received their support on the low side and ended up falling $3 at 1,808. COMEX Copper: Copper futures on the New York Mercantile Exchange (COMEX) closed higher on Friday, reversing the earlier decline. The dollar was weak. Under the support, short-covering buying by self-operators and traders boosted their prices. As one market official said, “The decline in copper prices yesterday was attributable to the exchange rate movements. Today, the euro is hitting new highs, stimulating stronger copper prices. The 1.4 US dollar may be a bit difficult, perhaps consolidating between 1.35 - 1.4 for some time." The more active March contract rose 1.65 cents today to close at 1.3915 US dollars per pound, close to the high end of the 1.3610-1.3930 trading range. The spot December contract declined slightly by 0.2 cents to US$1.4350. The estimated trading volume was approximately 14,000, compared with 14,316 on Thursday.
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