Reuters commentary (8-11) - LME market: The base metal price rose mostly on Tuesday and closed near the daily high. Investors waited for the US to announce the interest rate decision later. One trader said, "Today's market conditions are indeed average, most of them are Sideways, but as it seems that no one is short, the overall trend is to rise.†The US Federal Open Market Committee (FOMC) will announce the interest rate decision around 1815 GMT, and some analysts expect the Fed to raise interest rates by 25 basis points to 1.5. %. However, in view of the recently released weak data, analysts have lowered their expectations for raising interest rates in the future. Man Metals's Mel said: “If the Fed announced changes to the tight monetary policy position, it would be positive for the metal market. Due to economic activity will be motivated." LME Copper: Three-month copper, which fell sharply on Monday, rebounded today, boosted by early Chinese buying and short covering, closing at US$2,736/ton, which was higher than the closing price of Monday evening's composite transaction. US$16. But fundamentally, the supply situation is still uncertain. The labor negotiations between the third largest copper producer in the world, the Cananea copper mine of the Grupo Mexico Group, is still underway. The union said that both parties are expected to be on Tuesday’s The workers reached an agreement before the deadline. She said that the strike in Cananea, Mexico, will affect up to 3,000 workers. Cananea annually produces about 130,000 tons of copper concentrates. Its SX-EW plant produces about 50,000 tons of refined copper annually. However, the Mexican subsidiary Asarco of the Mexican Group still faces the threat of strike, and a local union spokesman confirmed that the company’s negotiations with the union will resume on August 16. LME Aluminum: Three-month aluminum breaks through the end of 1,675/1,680 US dollars. The resistance level, which closed at 1,686 US dollars per tonne, increased by 21 US dollars. COMEX Copper: Copper futures closed higher on Tuesday and fell to 12-day lows yesterday. The benchmark September index closed at approximately 1.55 cents higher at US$1.2570 per pound. The investment range was between 1.2405-1.2580 U.S. spot August copper also rose 1.55 cents to 1.2610 US dollars per pound, and the December contract rose 1.50 cents to 1.2460 U.S. dollars, after the Chinese buy-side pushed up the London market. Copper prices, which led to short covering in the New York market's initial trading room, traders said that the weaker US dollar also pushed up the base metal prices. Market sources said that the market has expected the US to raise interest rates by 25 basis points on Tuesday. Weak performance of economic data and sharp rise in oil prices have given investors There are doubts about the pace and timing of further interest rate hikes, and interest rate hikes will often be beneficial to the US dollar. Floor traders said, “Today's market opened lower as market participants started to sell copper and then had to make up for it.†Market Sources said that traders continued to pay attention to the interest rate decision of the Federal Reserve Board (FED) in the afternoon. "COMEX copper trading volume is estimated at 14,000, compared with 19,447 on Monday. From a fundamental perspective, traders point out that there is still uncertainty in copper supply. , but the decline in copper stocks has a supporting role in the market. Source: China International Futures Brokerage Co., Ltd.