Core Viewpoint - The London Metal Exchange (LME) copper prices experienced fluctuations due to fund selling, with a closing increase observed before the upcoming speech by Federal Reserve Chairman Jerome Powell [1][4]. Group 1: Copper Market - On August 20, LME three-month copper rose by $28.5, or 0.29%, closing at $9,720.5 per ton, after hitting a low of $9,670.50, the lowest since August 7 [1][2]. - Concerns over demand have led to spot copper trading at a discount of nearly $100 per ton compared to three-month copper, marking the deepest discount since February [4]. Group 2: Other Base Metals - Three-month aluminum prices closed at $2,576.5 per ton, up $13 or 0.51%, after earlier touching a two-week low of $2,558 per ton [2][4]. - The International Aluminium Institute (IAI) reported that global primary aluminum production in July was 6.373 million tons, a year-on-year increase of 2.5%, with a daily average production of 205,600 tons [4].
金属普涨 期铜收高，关注鲍威尔讲话【8月20日LME收盘】
Wen Hua Cai Jing·2025-08-21 00:43