Group 1 - The core viewpoint of the article indicates that copper prices are experiencing weak fluctuations due to increased domestic inventory and high prices suppressing demand, despite initial concerns over supply disruptions from the Grasberg mine in Indonesia [1] - Domestic copper inventory increased by 0.82 million tons according to SMM weekly data, reflecting a shift in market dynamics as downstream stocking for the upcoming holidays concludes [1] - The processing fee for domestic copper concentrate has slightly risen but remains at a low level, indicating a temporary stabilization amid supply and demand negotiations [1] Group 2 - Jinrui Futures suggests that while there are expectations of a supply gap due to mining disruptions, actual market conditions have yet to reflect this, limiting the potential for price breakthroughs [1] - The outlook for copper prices is constrained by differing expectations regarding interest rate cuts and weak consumption, although significant mining impacts are expected to limit the downside [1] - Continuous monitoring of the recovery progress in mining operations is necessary for future price movements [1]
沪铜偏弱震荡 社会库存出现累积【9月29日SHFE市场收盘评论】
Wen Hua Cai Jing·2025-09-29 09:08