LME Market: The London Metal Exchange (LME) base metal fell on Thursday, and the technical selling pressure of three-month zinc suffered other basic metals. A LME trader said: "Zinc leads the decline. Market participants are in early trading. The result is that all base metals are expected to experience more selling pressure on Friday. "Three-month zinc fell nearly 5%, closing down $68 to 1,371. Three months Aluminum fell 1.45%, and copper fell by 0.8% during the three-month period. "Actually, the market's rally this week has not received follow-through buying support, so it looks a bit fragile. I wonder if some funds have already withdrawn from the market." A trader said that during the week, zinc hit a record high of US$1,450 for seven and a half years. Copper also hit a record high of US$3,307 in the electronic trading system. “I think this is only a temporary phenomenon. The market has not seen any major changes. I think the popularity is only a short period of decline," said Ingrid Sternby, an international analyst at Barclays Capital. "I think a few unhealthy bulls have thrown their positions, but the market trend is still bullish." She added that zinc will be 1,350-1,370 US dollars found support. Although the market fell today, but points The division still expects that base metals will continue to attract large amounts of fund inflows, as oil prices hit record highs, global stock markets fell after General Motors issued a profit warning, the trend of the dollar is difficult to determine, and the industrial demand outlook is good. "Nearly a wave of rising... The resumption of speculative buying from China is usually a very good sign, "sternby said. The overall fundamentals are in good condition, which will support the rising trend of copper prices. Apart from today's decline, copper prices are short-term. There may be a callback, but overall, I think copper prices will surely hit new highs again, "she said. Three-month copper closed down $27 to 3,265, and three-month aluminum fell by $29 from Wednesday's close to 1,969. COMEX Copper: Copper futures exchange (COMEX) on the New York Mercantile Exchange (COMEX) fell slightly in quiet trading conditions on Thursday. Brokers said that copper showed signs of consolidation and investors locked in profits while the market hovered below the contract high. "Very much like yesterday. The continuation of the downtrend range traded in the 1-pound range, "a broker said. COMEX indicator closed lower by 0.15 cents to $1.5045 per pound on the May contract, and the intraday trading range was 1.4925- Between US$1.51. Copper on March 8th Under the contract high of $1.5210, the spot March March copper closed at $1.5060. It once rose to a new high above 1.5230. Analysts said that the copper failed to break through the resistance above $1.52, possibly implying a copper step. Into the beginning of the construction of the top
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