Core Viewpoint - The copper market is experiencing a downturn, influenced by the Federal Reserve's cautious interest rate cut and the overall decline in precious and non-ferrous metals, with a particular focus on downstream demand for copper [1] Group 1: Federal Reserve Actions - The Federal Reserve cut interest rates by 25 basis points as expected, acknowledging a weakening job market and mentioning inflation concerns [1] - The dot plot indicates two more rate cuts are expected this year and one in the next year, aligning with market expectations, although Powell's comments were more hawkish than anticipated [1] Group 2: Market Reactions - Following the Fed's announcement, market sentiment weakened, leading to a stabilization of the US dollar index at lower levels, and a subsequent decline in precious and non-ferrous metals [1] - The copper price on the Shanghai Futures Exchange fell by 1.36% during the trading session, reflecting ongoing weak performance [1] Group 3: Demand Outlook - High copper prices have suppressed downstream demand, necessitating close monitoring of future demand improvements [1]
沪铜弱势运行 关注需求表现【9月18日SHFE市场收盘评论】
Wen Hua Cai Jing·2025-09-18 07:38