The LME market, the base metals, fell late on Wednesday, and was further dragged down by copper at a price below $3,250. Traders said that trading was intermittent and copper trading was more messy, reflecting the market's short-term uncertainty that is Formed. "The drop in metal prices is not surprising. After all, it is summer and demand for all metals will decline," said a trader. The demand for the third quarter is usually more sluggish due to the suppression of demand during the summer holidays in the northern hemisphere and maintenance of the plant. : Traders said that after the levels of 3,300 and 3,250 US dollars have fallen one after another, copper futures have lost their upward momentum at the beginning of this week. Stop-loss selling will once again suppress copper below US$3,250, and three-month copper futures are at 3,238 yen per ton. The US dollar, down $4. The spot/three-month inverse price spread also narrowed to 192/194 from its high of $230 since November 1996. However, the copper trend will remain volatile throughout the summer, accompanied by technical tensions due to Wednesday's Copper stocks fell again by 500 tons to a new low of 40,700 in 31 years. Senior industry insiders participating in the Reuters Mining Summit in New York this week believe that the market has reached a high point. Freeport-McMoRan Chief Executive Officer Edwards said on Wednesday that due to Deposits remain low, prices may remain high in the short-term, despite a sharp increase in copper production. On Tuesday, Chile's state-owned copper company Codelco, the world's largest copper producer, said that the market is overheating and expects copper prices to fall as supply and demand shift from supply shortages to oversupply. To a dollar per pound. A well-known analyst also expects that by the end of this year, copper prices will fall from the current 1.58 US dollars per pound to about 1.15/1.30 US dollars. Aluminum: three-month aluminum by the fund and the bank selling pressure down, to report 1,732 US dollars, down 20 US dollars. COMEX copper - copper futures closed slightly higher on Wednesday, the market conditions fluctuated, early in the emergence of fund buying to allow a small amount of speculation and proprietary trading, the market rose to 16 years this week Continued consolidation after the high position. "In the morning, some funds were bought and stocks fell again, but copper did not break through the highs again, and there was still more resistance at the top." A trader said that the July copper contract was up 0.30 cents to At $1.5460 a pound, the intraday trading range was between a four-day low of $1.5290 to 1.5520. The contract touched a 16-year high of $1.58 on Monday. The spot-month June copper contract closed 0.55 cents higher at $1.5985, approaching Monday. Hit a high of $1.62, The price of the spot month contract has been at a high level since the end of 1988. The Far-month contract ended mixed, ranging from a close of 2.50 cents to a close of 0.40 cents. COMEX estimated that the final volume was 18,000, Tuesday was 15,193 mouths.