Reuters commentary (9-13) LME market: Traders said that the London Metal Exchange (LME) base metal recovered from the session low on open outcry trading on Monday, but trading was unimpressive. A trader said: " Today's trading was quite quiet. "The underlying metals were mixed today, with lead and nickel showing strong performance, but other base metals lacked the follow-up momentum to continue their strong closing last Friday. As the dollar weakens, traders expect the market to Continue to approach the high end of the current trading range. Later this week the United States will have a series of data released, including current account, net capital inflows, industrial output, retail sales, consumer confidence and consumer price index (CPI). LME Copper : Three-month copper remained weak. It was quoted at US$2,786 per ton in late trade, down by US$9 from the late-night composite trading late last Friday. Workers of Peru Copper, a major global copper miner, came to an end earlier on Monday. The news of the 13-day strike did not affect much. The union leaders stated that the workers had ended the strike, but vowed that if the company did not increase its salary, it would again go on strike within 30 days. LME Aluminium: Three-month aluminum fluctuate within a narrow range To 1,700 Yuan, down $5. COMEX Copper: Copper futures on the New York Mercantile Exchange (COMEX) closed higher on Monday, and struggled below the flat level earlier. Traders said that today's copper volatility is small and is mainly attributable to local dealers. Trying to influence the trend. The trading was unusually quiet and the trading range was extremely narrow. The benchmark 12-month copper finished 0.50 cents higher per pound at $1.2850; intraday trading ranged from 1.2720 to 1.2870. The spot September contract rose 0.40. Cents, at US$1.285 a pound. The other monthly contracts ended 0.30 to 0.65 cents higher. The estimated final volume was 7,000, and last Friday reported 12,146. As of last Friday, the open interest increased by 3,400. By mouth, to 73,482. About 1,500 strikers from the Southern Peru Copper Company resumed work on Monday and temporarily suspended strikes to raise wages. Trade union leaders stated that unless the company agreed to hold new negotiations and raise salary and benefits, workers Will strike again in 30 days.
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