News Summary Group 1: Company Developments - Codelco's El Teniente copper mine has received approval from the mining regulator Sernageomin to resume operations at Andes Norte and Diamante, while Recursos Norte and Andesita remain closed [1] - The copper rod production rate increased to 71.80% during the week of August 15-21, up 1.2 percentage points week-on-week, but down 8.75 percentage points year-on-year [1] Group 2: Market Trends - Copper raw material inventory decreased by 2.31% week-on-week to 33,800 tons due to maintenance-related production cuts at some copper rod enterprises [1] - Finished product inventory fell by 5.44% to 66,100 tons following a temporary improvement in downstream orders after a drop in copper prices [1] - Domestic copper inventory saw a slight increase but remains at low levels, while LME copper inventory has accumulated [2][3] - The market liquidity has improved due to the return of imported copper and domestic supply [3] - Downstream consumption has not shown a turning point, but the demand for replenishment has increased as copper prices decline [3] - The market is expected to maintain a strong outlook due to anticipated demand increases in the upcoming peak season, despite current pressures on spot premiums [3]
鲍威尔超预期放鸽 沪铜期货或有一定上行的空间
Jin Tou Wang·2025-08-25 08:24