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金属多飘绿 期铜收跌 因供应中断忧虑缓解且库存续增【7月16日LME收盘】
Wen Hua Cai Jing·2025-07-17 00:59

Group 1: Copper Market Overview - LME three-month copper closed at $9,635.00 per ton, down $10.50 or 0.11%, retreating from a recent high of over $10,000 on July 2 [1] - Investors are focusing on the potential increase in copper supply, with no new supply disruption factors currently pushing prices up [5] - LME copper inventory increased by 10,525 tons on Wednesday, marking a 33% surge over the past two and a half weeks [5] Group 2: Global Copper Production and Consumption - The World Bureau of Metal Statistics reported a global refined copper production of 2.3775 million tons and consumption of 2.2933 million tons for May 2025, resulting in a surplus of 84,200 tons [5] - For the first five months of 2025, global refined copper production was 11.2979 million tons, with consumption at 11.0344 million tons, leading to a surplus of 263,400 tons [5] - Rio Tinto announced a 9% year-on-year increase in quarterly copper production, forecasting that annual production will reach the high end of its guidance range [5] Group 3: Impact of U.S. Tariffs and Currency Fluctuations - Following the announcement of a 50% tariff on copper imports by the U.S. effective August 1, traders expecting tariffs have gradually reduced copper exports to the U.S. [5] - A weaker U.S. dollar typically makes dollar-denominated commodities cheaper for buyers holding other currencies, potentially influencing demand [4] Group 4: Other Base Metals Performance - Three-month tin fell by $513.00 or 1.54%, closing at $32,799.00 per ton, amid concerns over supply surplus [7] - The International Tin Association indicated that tin shipments from Myanmar's Wa State are expected to resume in the coming months after nearly two years of mining bans [8]