Reuters commentary (9-14) LME market: The London Metal Exchange (LME) base metal saw a whiplash in the open outcry trade on Tuesday, limited to intraday volatility and closing mixed performance. Traders said short-term movement remains high Uncertainty is not only metal, but also other financial instruments, so the trend will be erratic. A trader said: "Most of the time today trading is quiet, but the trend is extremely volatile in the composite transaction. Copper and period Aluminum suffered heavy losses, but it rebounded about 10 US dollars later. "The relatively new economic data released by the United States have little appeasement. The US retail sales fell by 0.3% in August and the current account deficit widened to a record high of 1,66.18 billion US dollars. LME Copper: Three-month copper closed at $2,769, down $17 from Monday's composite transaction. LME Aluminium: Three-month aluminum closed flat, up slightly by $1 to 1,701, Alcoa plans to announce delivery of its Jamalco aluminum plant The force majeure news brought support. As a result of Hurricane Ivan’s invasion of port service operations, COMEX Copper: Copper futures on the New York Mercantile Exchange (COMEX) closed slightly lower on Tuesday, holding the support level during the session and traders said that the fund buyers will The continued weakening of the yuan is seen as a sign of buying. However, traders said that the reduction in the late-term downtrend was not meaningful because the trading was extremely light and the price remained in the recent volatility range. Indicator December copper closed down 0.50 cents to At $1.28 per pound, the intraday low was at 1.2630 and the high at 1.2920. September spot copper fell 0.70 cents to end at 1.2780 pounds per pound. Other monthly contracts closed down 0.15-0.70 cents. Volume is estimated at 10,000, compared to 6,303 on Monday. Since there is little to push prices out of the near-term range, one trader said he believes prices will continue to be in a consolidation trend.
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