纽约铜溢价引爆抢运潮！交易商为争朝夕准备“曲线救国”

Core Viewpoint - The announcement of a 50% tariff on copper by President Trump is expected to disrupt ongoing high-profit arbitrage trading in the copper market, leading to significant changes in supply dynamics and pricing in the U.S. market [2]. Group 1: Market Reactions - Following the tariff announcement, New York copper futures prices surged, with premiums over international benchmark prices reaching approximately 25% [2]. - Traders who can transport copper to the U.S. before the tariff takes effect are positioned to gain substantial profits, while those unable to do so face significant losses [2]. - The U.S. copper inventory is projected to reach 500,000 tons in the coming weeks, with about half stored in New Orleans, a critical storage hub [3]. Group 2: Trading Strategies - Traders are urgently planning to manage shipments already in transit and are considering further transportation arrangements due to the impending tariff [3]. - Some traders have found alternative routes, such as shipping to Hawaii, which takes about ten days, to circumvent the tariff risk [3]. - Chilean mining companies, a major source of U.S. copper supply, are holding urgent meetings to prioritize shipments to U.S. customers before the end of July [3]. Group 3: Uncertainties and Implications - There is uncertainty regarding whether the 50% tariff will broadly apply to refined copper, as previous tariffs had exemptions for goods already in transit [4]. - The price gap between New York and London copper prices remains below 50%, indicating potential complexities in the tariff's application [4].