LME market: Base metals remained active late Friday on the intraday trading session, and most metals ended higher after the mid-week technical rebound. One trader said: "I think today's trend is that people are extremely turbulent. The early collapse at the end of the week caused by the flattening of the position may have been a little excessive, so it is mostly higher today. "The volatility is still larger today, and the basic metal movement may take a few days to stabilize. Another trader said: "Obviously, it takes some time to calm down after this week's turmoil. But there are signs that the worse time has passed." He added, "It is sometimes difficult to find the focus because there are many At the meeting, many traders were not on the floor. "Despite rising prices today - copper futures closed 3% higher than Thursday, but all base metals are still well below the multi-year highs hit earlier this week, and are subject to a wave of investment in the middle of the week. The fund's clearing position was suppressed. Copper this week saw a fall of about 16% from its earlier high of US$3,175, while aluminum fell from a high of 1,881 points to nearly 8%. “The underlying metals have been technically corrected from overbought levels. Market worried about prices going too high "The British trader Barclays Capital International analyst Sternba said. "But we warn the assumption that the base metal's current trend indicates the end of the commodity price rise cycle. The news from the LME annual meeting has been It shows that the fundamentals are still positive. "Some analysts are reluctant to rule out the possibility of further liquidation of the fund. The Dutch bank's global commodities analyst Moore said:" Under the current circumstances, it is better to wait and see and wait for the dust to settle. It can be troublesome. Yes, some people are still raising dust.†LME Copper: Three-month copper broke through the $2,800 level, testing 2,840 and breaking the level briefly, but the selling pressure near that level was higher. Eventually, the composite trading was up 2.9% from late Thursday. , to 2,830 US dollars per ton. This week's low at 2,660. LME Aluminium: three-month aluminum rose 33 US dollars to 1,765 yuan per ton, subject to continuing distortions between the previous contracts on the key "third Wednesday" next Monday Promotion. October/week contract price difference is at 18/19 USD. Spot/three-month price difference spread from about 60 USD yesterday to 70/75. In October/November, the reverse price difference is at 47 USD. COMEX Copper : Copper futures closed higher on Friday, rebounding from sharp declines this week, casting The renewed emergence of mechanistic buying is due to the fact that copper fundamentals still appear to be strong. A broker said: "There is a lot of speculative buying in the venue. Investors think the copper market is in a good entry position." "From a technical point of view, copper should indeed be There has been a revision trend. The number of open positions is too large, "said another trader. The benchmark December contract rose 3.95 cents to $1.3090 per pound with a trading range of $1.2880 to $1.3140. The spot October copper closed higher. 3.95 cents to 1.3160 ​​US dollars per pound. The estimated trading volume is 18,000, which is much lower than the 32,590 on Thursday. The period of copper rose at the beginning of short covering and fund buying, and the US industrial production data was worse than expected. Afterwards, the dollar fell against the euro, further pushing up copper.