Core Viewpoint - The unexpected announcement of a 50% tariff on certain copper imports by the U.S. government has led to a significant decline in copper prices, reversing previous gains in the market [1][2]. Group 1: Tariff Announcement and Market Reaction - On July 30, the U.S. White House announced a 50% tariff on imported semi-finished copper products and copper-intensive derivatives, effective August 1 [1]. - Following the announcement, Comex copper prices fell over 18%, with the September contract dropping to $4.445 per pound, a decline of 20.4% [2]. - The premium of U.S. copper over LME copper decreased to $104, down from over $3,000 in recent months [2]. Group 2: Price Adjustments and Future Outlook - The LME benchmark copper price fell by 0.03% to $9,695.5 per ton [3]. - Analysts suggest that the current price of $4.5 per pound for U.S. copper is reasonable, reflecting pre-tariff levels [4]. - There is an expectation that as U.S. inventories decrease and the impact of tariffs on downstream products is felt, Comex copper prices may rise again, potentially leading to a sustained U.S. premium [2].
特朗普缩水版铜关税几乎令Comex期铜升水降至零
Wen Hua Cai Jing·2025-07-31 08:05