短期市场利多出尽 铜价或维持区间震荡

Core Viewpoint - Copper prices have recently experienced fluctuations, reaching a new high, with LME copper prices nearing $10,200 per ton and Shanghai copper futures hitting 81,530 yuan per ton, the highest since late March this year, before retreating for adjustments [1] Market Analysis - The recent interest rate cut by the Federal Reserve marks the first reduction of the year, aligning with market expectations, leading to a short-term market condition where bullish sentiment may have peaked, suggesting that copper prices could remain in a range-bound fluctuation [1] - Despite the short-term adjustments, macroeconomic and industrial factors continue to support copper prices, indicating potential for long-term upward movement [1] Supply and Demand Factors - Long-term copper prices are significantly influenced by mining sector factors, highlighting the importance of monitoring changes in supply and demand dynamics as well as the global economic situation's impact on copper demand [1]