Core Viewpoint - LME copper prices reached a two-month high due to a decline in the dollar, positive economic data, and optimistic expectations for a rate cut in the U.S. [1] Group 1: Copper Market Performance - On September 2, LME three-month copper rose by $96.5, or 0.98%, closing at $9,980.5 per ton, with an intraday high of $10,009, the highest since July 3 [1][2] - The premium for copper imports in China, measured by the Yangshan copper premium, increased to $55 per ton, up from $29 on July 8, but still below the $100 level seen in May [4] - LME copper inventories are high, indicating weak demand outside of China, with spot copper trading at a discount of approximately $85 per ton compared to three-month copper [5][6] Group 2: Economic Indicators - The U.S. manufacturing sector contracted for the sixth consecutive month in August, with the ISM manufacturing PMI slightly rising to 48.7 from 48.0 in July, remaining below the neutral level of 50 [6] - The new orders index in the ISM survey rose to 51.4, indicating potential recovery after six months of contraction [7] - Market attention is focused on the upcoming Federal Reserve meeting on September 16-17, with expectations of a rate cut that could weaken the dollar and boost metal prices [7] Group 3: Other Base Metals Performance - LME three-month aluminum increased by $8, or 0.31%, closing at $2,619.0 per ton [2][8] - LME three-month zinc rose by $32.5, or 1.15%, closing at $2,865.0 per ton [2][8] - LME three-month lead decreased by $9.5, or 0.47%, closing at $1,994.0 per ton [2][9] - LME three-month nickel fell by $207, or 1.34%, closing at $15,232.0 per ton [2][10] - LME three-month tin dropped by $219, or 0.63%, closing at $34,733.0 per ton [2][8]
金属涨跌互现 期铜触及两个月最高，受助于美元回落【9月2日LME收盘】
Wen Hua Cai Jing·2025-09-03 00:26