Core Viewpoint - The demand outlook for copper remains positive, driven by strong economic data from major global economies, with prices expected to rise for the fourth consecutive week [1] Economic Indicators - Recent U.S. data shows that economic growth has exceeded initial estimates due to a rebound in business investment and trade, highlighting the resilience of consumer spending [1] - In China, the decline in industrial profits for July has narrowed compared to the previous month, indicating that capacity reduction measures may be alleviating competitive pressures among producers [1] Metal Price Trends - Copper, along with aluminum and nickel, has seen an approximate increase of 2% in August, while prices for lead and zinc have also risen slightly [1] - Analysts from Bloomberg Intelligence suggest that with the bearish outlook for the dollar still in play, prices for metals like copper and aluminum appear poised for short-term gains [1] Currency Impact - The recent fluctuations of the dollar against the G20 currencies are unlikely to alter the prevailing bearish trend for the dollar in the second half of the year [1]
中美经济数据传佳音 铜价本周冲击“四连涨”
Zhi Tong Cai Jing·2025-08-29 06:48