LME market: LME base metals traded cautiously at the end of Thursday's intraday trading session, but managed to close above the intraday low, and the selling of investment funds declined significantly. In two consecutive days, the fund sold off. Afterwards, the market may have shown signs of stabilization and encouraged the bargain hunting to attract buying, with some base metals closing higher. The view that China still has a large demand will also help the rebound. “A large number of selling starts in the beginning but the market seems to be Take a break, "a trader said." Selling is limited, to a certain extent must be stopped," he added. Since the beginning of this week hit a multi-year high, based on technical signals of the fund sell order LME basic metal full Under pressure, only copper fell by 16%. On Thursday, the fund began to frenziedly sell again, causing copper to fall 6% again, and other metals were also dragged down. But once the sell-off subsided, the price began to rise. A fund source said. :"Every market needs to oscillate from time to time, but I didn't expect to go so far.""A large part of our portfolio was cleared yesterday. Now we need to calm down. We may have to wait until next week when people will Start investing again "This round of plunging has caused many market players to look for triggers, but a veteran trader said that the market had only been "overheated." When the cracks began to appear, the wall naturally fell. Dutch Bank analyst Moore expects that the positive fundamentals will once again dominate. He said: "While the bulls are losing their armor, the resource market's gains are not yet over." LME Copper: Three-month copper pulls, once It fell to a low of US$2,660 from the beginning of July and then bounced back to around 2,780. The open outcry trading session closed at US$2,749 per ton, still well below the closing price of Wednesday's composite trading of 2,815. LME Aluminium: three-month aluminum since early The $1,685 hit rebounded and traded above that level for most of the session. It was quoted at $1,732 late, up $11. The interest rate spread was supported by aluminum. The October/November reverse spread widened from $30 to $40. In November/December, it was a positive spread of $16. Despite the sharp increase in inventory in two days, the tension remained unsolved and the spot/three-month reverse spread widened from 48/53 to 58/68. COMEX Copper: New York Copper futures exchange (COMEX) closed lower on Thursday, but fell off the plate The low, as the market seemed to stabilize after the fund-driven sharp decline on Wednesday, said one analyst: "I saw good commercial buying on the floor. Demand is still good." Copper futures contract closed 1.85-0.20 US cents ranged from December's December contract to 1.85 cents to 1.2695 pounds per pound with trading ranges of 1.2530-1.2880. Spot October copper closed down 1.65 cents to 1.2765 pounds per pound. Field sources said. Copper futures opened sharply lower today, which seems to extend yesterday's plunge and find clues from the decline in London Copper and Shanghai Copper. However, funds sold on a full-strength basis were bought on a dip after the opening bell on Wednesday, and the New York market moved independently. The amount is still large, estimated at 35,000.