Reuters commentary (8-4) LME market: The London Metal Exchange (LME) base metals mostly closed lower on Wednesday, traded within the range, traded short and technical selling, and profit-taking sales. Said, "The recent consolidation in intra-industry transactions triggered some short-covering earlier, nickel experienced some technical selling, and some profit-taking took place later in the day with the strengthening of the US dollar." The dollar rose against the major currencies, subject to US data Shows that the country’s economy is growing at an approximately steady pace. The stronger US dollar will usually exert downward pressure on US dollar-denominated LME metals. However, the labor disputes between mines and smelters across the country continue to persist and support metal prices. Alcoa ( Alcoa)'s union worker at the Wenatchee Aluminum Plant in Washington plans to vote on the company's later contract proposal. The union leader rejected the employer’s initial offer because of the higher health care treatment required. The company is located in Indiana, Texas, and IHO. Plants in Huahe and Tennessee also face the problem of worker suspension due to job outsourcing. In addition, the capacity of its Quebec Becancour aluminum plant has been reduced since the July 7 strike due to workers’ strikes. Two-thirds of the La Caridad copper mines under the Grupo Mexico Group have just resumed operations after a strike on the 17th. LME Copper: Three-month copper closed at $2,785/ton on Wednesday, lower than Tuesday's composite evening trade The closing level was 2,807. LME Aluminium: Three-month aluminum fell by US$17 to 1,686. COMEX Copper: Copper futures on the New York Mercantile Exchange (COMEX) closed modestly lower Wednesday, following the London copper decline; however, US factory orders were strong, giving Copper prices supported. However, traders said that as many market participants leave the market and the market enters the summer sluggish period, the trading of copper futures is limited. In addition, the technical indicators show that copper will face the requirement of finishing the recent huge increase in the next few days. Traders said, “Today the market is quiet, and I think that the copper trend is following the Euro in a certain degree, but the deal is very quiet.†They said that the fund's initial sell-off will push copper to low levels, but the downside is limited. , And the United States in June factory orders far exceeded expectations, support for copper prices. The main September session closed down 0.85 cents to 1.2945 US dollars per pound, the daily low at 1.2750, the daily high at 1.3040. The spot August contract fell 0.8 US dollars Points to every pound US$1.2980. The second most active December contract fell by approximately 0.55 cents to 1.2685 per pound. The remaining contracts closed down 0.75 to 0.05 cents. The final trading volume was estimated at approximately 11,000, which was higher than the previous day’s. 8,488. As of Tuesday, the number of open interest increased by 1,492 to 71,515. Source: Sunshine Technology