Core Insights - The price index for recycled brass rods in Guixi increased to 54,485 CNY/ton, marking a rise of 107 CNY/ton or 0.2% [1] - The copper prices across various markets showed slight increases, with the main futures contract closing at 82,470 CNY/ton, up by 0.38% [2] - Freeport-McMoRan announced a force majeure at the Grasberg mine, leading to expected declines in copper and gold sales for Q3, with a phased recovery anticipated by mid-2026 [3] Market Overview - The copper inventory in bonded zones in Shanghai and Guangdong totaled 82,500 tons as of September 25, showing a slight decrease of 90 tons since September 22 [3] - The Shanghai bonded zone held 76,300 tons, down by 70 tons, while Guangdong's bonded zone had 6,200 tons, down by 20 tons [3] Analytical Perspectives - Jinrui Futures reported that the impact of the Grasberg incident is expected to exacerbate raw material supply tensions, with domestic smelting repairs increasing in September [4] - The report indicates a slight improvement in consumption as prices have retreated, although overall demand remains average [4] - The industry anticipates a continued tight balance in supply and demand, with short-term prices expected to remain strong due to significant disruptions in mining operations [4]
矿山扰动量级较大 短期铜价预计偏强或未结束
Jin Tou Wang·2025-09-26 08:55