金属全线上涨 期铜收高，月线上涨3%【8月29日LME收盘】

Core Viewpoint - LME copper prices reached a five-week high on August 29, driven by expectations of a U.S. interest rate cut and increased demand in September [1] Group 1: Market Performance - On August 29, LME three-month copper rose by $84, or 0.86%, closing at $9,902.00 per ton, with an intraday high of $9,918, the highest since July 25 [1] - Other base metals also saw gains, with three-month aluminum up by $10.50 (0.40%), zinc up by $38.00 (1.37%), lead up by $7.50 (0.38%), tin up by $216.00 (0.62%), and nickel up by $158.00 (1.04%) [2] Group 2: Economic Factors - A slight weakening of the U.S. dollar contributed to the rise in metal prices, making them more attractive to buyers using other currencies [4] - The U.S. second-quarter GDP growth was revised upward, indicating stronger economic performance [4] - The dollar is expected to decline by 2% in August, enhancing the appeal of dollar-denominated metals [4] Group 3: Chinese Market Insights - In China, the renminbi experienced its largest monthly gain against the U.S. dollar since May [5] - Copper inventories monitored by the Shanghai Futures Exchange decreased by 2.4%, while the Yangshan copper premium, reflecting import demand, stabilized at $55 per ton, the highest since June 5 [5] - Tin prices were supported by low inventories in both LME and Shanghai Futures Exchange warehouses, alongside speculative buying despite weak physical demand [5] Group 4: Company-Specific News - Tin Industry Co., Ltd. announced a planned maintenance shutdown for its tin smelting equipment starting August 30, 2025, for up to 45 days, which has been accounted for in the annual production plan [5]