LME Copper – Copper futures closed higher on Monday, but it broke away from the record high of $3,320 a metric ton set earlier today. Traders said profit taking and technical resistance have caused it to fall back from the top. A trader said, "It's quiet and changeable. The market conditions have made the gains exaggerated. After hitting a record high, the trend has become less turbulent. "After Shanghai copper rose due to tight supply and the US dollar was weakening, this period copper rose back above the $3,300 level and exceeded the high level set on March 31st. Point 3,308 U.S. dollar. Three-month copper closed at 3,308 U.S. dollars, which is higher than last Friday's 3,287 U.S. dollars. British company Barclays Capital International stated in the daily report that "copper prices are still high, with The April copper futures of the Shanghai Futures Exchange will expire on Friday (April 15th), and speculative short covering is highly likely to push up prices.""We expect that before the second half of the year, output growth and demand will not soften. It will ease the upward momentum of copper prices. "In Asia, copper on the Shanghai Futures Exchange rose, and the impact of tight supply of spot copper has increased from about the recent April period to about May. Brokerage firm Macquarie Bank said on Monday that only After the price of copper fell, China’s national The Reserve Bank will begin to re-establish its position. Macquarie Bank also said that copper production has increased significantly, but due to the bottleneck of the refinery, the increase in production has not affected the market. Traders are waiting for the US trade data scheduled for release on Tuesday and the U.S. federation. The Reserve Board (FED) recorded last month’s policy meeting, which is expected to provide guidance for the US dollar. LME Aluminium – three-month aluminum rose 23 US dollars to 1,972. COMEX copper – copper closed higher on Monday, hitting 16 years New high, the trend of copper in the London market record high lead the market gains, the dollar weakened also provide support. A broker said: "At the opening of the market by the strong boost, stop loss trigger, and arbitrage buying Afterwards, the trend was very calm.""We have to wait for the opening of tomorrow and see what is waiting for us." The indicator May copper rose to a contract high of $1.5275 per pound, which is also a 16-year high. The final close was 1.75 cents higher at $1.5250. The daily low was $1.5035. One analyst pointed out that the copper's seven-week trading range of 1.4420-1.5210 could push the price above the earlier expected resistance at $1.57, which may point to 1.65. Spot copper rose 1.85 cents to end at 1.5420 US cents per pound in April. Earlier, it hit a contract high of 1.5430 U.S. dollars. Other distant month contracts closed 0.80-1.80 cents higher. The record high for COMEX copper was 1988. In December, it hit 1.6065 US dollars. Today's estimated transaction volume is 19,000, which is higher than the 18,388 last Friday.

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