LME commentary: The London Metal Exchange (LME) base metals prices closed lower on Wednesday, which was weighed down by investment fund technical selling. The majority of base metals prices rose to multi-year highs on Monday, but since then, continued correctional selling has weighed on the base metal prices. In a research report, .Man Financial analyst Meyer said, "After the majority of base metals have been sought after by speculative buying over the past few weeks, given that current energy prices have softened, the drop in metal prices should not be surprising." As many market participants went to participate in LME Week activities, liquidity was also affected earlier. "The fund sells after seeing the signal. When the trader enters the market, the decline is already significant," said an insider. "Insufficient liquidity will magnify volatility - there have been cases where prices have risen," another insider said. British firm Bartlett Capital International analyst Stern Bay said that newer amendments The trend was due to the CTA's escaping position, and the market conditions were muted. LME Copper: Three-month copper was suppressed below $3,000, as stop-loss selling was triggered and intra-day trading fell further To $2,815 , fell 278 US dollars. Since Monday, copper has fallen more than 7% since its recent 16-year high of 3,177.50. LME Aluminium: Three-month aluminum has also been suppressed by the fund's selling pressure to below 1,700 US dollars, but it has reduced the decline, the late evening synthesis The transaction closed at 1,721. The fund turned to sell metals because of a technical downtrend. The signals of the sale continued to appear one after another. The market conditions were very light at the beginning and the market was struggling to deal with the sharp decline in the base metals, but afterwards the trading speeded up. People told Reuters that at 1515 GMT, the three-month aluminum trading volume was over 18,000. The previous high was 10,577 which was set on September 21. COMEX comments: Copper futures on the New York Mercantile Exchange (COMEX) tumbled 10% on Wednesday. , Close to a one-month low, due to the emergence of selling pressure from various traders in the extremely overbought market. On Friday, the copper hit a 16-year high. No one gave one reason for the slump, but the dealer The speculation was varied, with the Shanghai Futures Exchange raising the copper margin. The London Metal Exchange (LME)'s aluminum inventories soared by 17,000 tons causing a sharp fall in the already overbought base metal. The December copper futures closed 16 cents lower. At $1.2880 per pound, the intraday low was 1.27. It was a low level since September 16. The sell-off was extremely heavy, with an estimated volume of 29,000, much higher than Tuesday's 8,370. A broker said: "We are horrified and have never seen such a situation." The October contract also fell by 16 cents to close at $1.2930. Other contracts closed down 15.80-8.60 cents. Date: 2004-10-14