Group 1: Market Overview - LME copper prices declined due to a stronger dollar and positive U.S. employment data, suggesting the Fed may not cut rates immediately [1][3] - As of July 3, LME three-month copper closed at $9,954.50 per ton, down $58.50 or 0.58% [1][2] Group 2: Employment Data Impact - The U.S. added 147,000 non-farm jobs in June, exceeding expectations, while the unemployment rate unexpectedly fell to 4.1% [3] - These employment figures diminish the likelihood of a Fed rate cut in July, despite pressures from tariffs and immigration policies [3] Group 3: Copper Market Dynamics - The potential for tariffs on copper imports is influencing market perceptions, with COMEX copper prices approximately $1,300 per ton higher than LME prices [4] - LME copper inventories have decreased by 65% since February, now standing at 94,325 tons, which may attract metal back to the LME market [4] Group 4: Price Adjustments and Forecasts - UBS raised its copper price forecasts for 2025 and 2026 by 7% and 4%, respectively, reversing previous cautious demand outlooks due to reduced tariff uncertainties [4] - Other base metals showed mixed performance, with LME three-month aluminum down $15, zinc down $7, lead up $4.5, nickel up $149, and tin up $134 [2][5][6][7][8][9]
金属涨跌参半 期铜下滑，美国就业数据强于预期带动美元上涨【7月3日LME收盘】
Wen Hua Cai Jing·2025-07-04 01:07