Group 1 - LME copper prices are approaching the $10,000 per ton mark, driven by a weaker dollar and resilient end-user demand, marking four consecutive weeks of price increases [1] - The highest daily increase in LME copper prices was 0.3%, reaching $9,928 per ton, with August contracts up 3% [1] - COMEX copper futures remained stable, with the main contract priced at $4.598 per pound (equivalent to $10,137 per ton) [1] Group 2 - The weakening dollar is attributed to market expectations of an interest rate cut by the Federal Reserve, making dollar-denominated commodities cheaper for overseas buyers [2] - Chinese demand for refined copper remains resilient, with a projected year-on-year increase of approximately 10% in apparent consumption for the first half of 2025, according to Zijin Mining Group [2] - Goldman Sachs analysts caution that while expectations of U.S. rate cuts and supportive policies provide some support, a loose physical market and ongoing weak economic data may pressure the industry [2] - Goldman Sachs reiterated its year-end price forecast for LME copper at $9,700 per ton and maintains a bearish outlook on aluminum [2]
美元走软与中国需求强劲助推 LME铜价逼近万元大关
Zhi Tong Cai Jing·2025-09-01 23:55