Group 1 - The core viewpoint of the articles indicates that copper prices are experiencing a significant upward trend, with the main contract reaching a peak of 88,700 yuan, the highest since late May of the previous year, and closing up by 1.73% [1] - Recent macroeconomic factors have positively influenced copper demand, including the approval of the domestic "14th Five-Year Plan," which has boosted market confidence, and preliminary agreements in the US-China trade negotiations [1] - The lower-than-expected CPI increase in the US for September has intensified market expectations for further interest rate cuts by the Federal Reserve, leading to an anticipated increase in overseas liquidity and an overall warmer market atmosphere [1] Group 2 - Despite high prices, demand in October has been average; however, as of last Thursday, domestic refined copper social inventories have stopped accumulating [2] - According to Jinrui Futures, the recent marginal improvement in macroeconomic conditions is the main driver for copper prices, which are expected to see an increase in positions and may experience strong fluctuations in the short term [2] - Continuous attention is required on macroeconomic changes, as the fundamental reality remains weak, limiting the support for copper prices [2]
宏观面多重利好加持 沪铜重心上移【10月27日SHFE市场收盘评论】
Wen Hua Cai Jing·2025-10-27 07:21