Group 1 - LME copper prices increased by $14 or 0.15% to $9,533.50 per ton on May 21, driven by investor concerns over rising U.S. debt levels and a weakening dollar, prompting a search for hard assets [1][3] - The three-month copper price reached a six-week high of $9,664 per ton, supported by easing trade concerns, although optimism is waning [3] - Technical analysis indicates strong support for copper at $9,500 per ton, with a short-term target of $9,950 per ton if no significant negative macroeconomic events occur [3] Group 2 - Moody's downgraded the U.S. sovereign credit rating from Aaa to Aa1 due to increased government debt and interest payment ratios, changing the outlook from "negative" to "stable" [3] - The global refined copper production for Q1 2025 was 7.2832 million tons, with consumption at 7.0125 million tons, resulting in a surplus of 270,800 tons [5] - The World Bureau of Metal Statistics reported that global refined copper production in March 2025 was 2.5135 million tons, with consumption at 2.493 million tons, leading to a surplus of 20,500 tons [4]
金属多窄幅波动 美元走软 市场寻找硬资产【5月21日LME收盘】
Wen Hua Cai Jing·2025-05-22 00:58