Core Viewpoint - Copper prices have shown a slight increase, supported by the U.S. PCE price index aligning with market expectations, which continues to bolster the Federal Reserve's interest rate cut prospects in September [1] Group 1: Market Performance - On Friday night, copper futures opened high and fluctuated, ultimately closing with a gain of 0.71% [1] - The weakening U.S. dollar and significant gains in precious metals have positively influenced copper prices [1] Group 2: Supply and Demand Dynamics - Domestic copper concentrate processing fees have begun to recover from low levels, indicating a potential tightening in the copper market [1] - There is a notable divergence in views on processing fees between holders and smelters, which may impact the smelting sector moving forward [1] Group 3: Future Outlook - According to Jinrui Futures, if economic data does not disrupt interest rate cut expectations, copper prices are likely to continue fluctuating at high levels, with a potential for further strength [1] - A potential downside risk is the return of logistics, although the CL price spread remains positive, suggesting a slow realization of this risk [1]
美指弱势运行 沪铜重心上移【9月1日SHFE市场收盘评论】
Wen Hua Cai Jing·2025-09-01 07:34