Core Viewpoint - LME copper prices fell due to a strong dollar and profit-taking after reaching a five-month high, with market attention on key U.S. employment data and tariff uncertainties [1][4]. Group 1: LME Copper Market - On September 4, LME three-month copper dropped by $77.5, or 0.78%, closing at $9,898.0 per ton [1][2]. - Year-to-date, LME copper has increased by 13% [4]. - The $10,000 level is currently seen as a strong resistance for copper prices, with insufficient fundamentals to break through [4]. Group 2: Employment Data Impact - The upcoming non-farm payroll report is expected to provide insights into the Federal Reserve's future policy meetings [4]. - In August, U.S. private sector jobs increased by 54,000, below the expected 65,000, indicating a loosening labor market [4]. - The anticipated non-farm payroll report may show an increase of 75,000 jobs in August, compared to 73,000 in July [4]. Group 3: Other Base Metals - LME three-month aluminum fell by $27.5, or 1.05%, closing at $2,591.5 per ton [2][7]. - LME three-month zinc decreased by $17.5, or 0.61%, closing at $2,843.5 per ton [2][8]. - LME three-month lead dropped by $10, or 0.5%, closing at $1,985.5 per ton [2][9]. - LME three-month nickel declined by $68, or 0.44%, closing at $15,236.0 per ton [2][10]. - LME three-month tin fell by $106, or 0.31%, closing at $34,556.0 per ton [2][11]. Group 4: Dollar Impact on Commodities - A stable dollar index makes dollar-denominated commodities more expensive for buyers using other currencies [5].
美元坚挺和获利了结拖累铜价回落，关注美国就业数据【9月4日LME收盘】
Wen Hua Cai Jing·2025-09-05 00:26