沪铜、伦铜：主力合约刷新年内高，警惕高位回撤风险

Core Viewpoint - The copper market is experiencing a significant rise, with the Shanghai copper futures reaching a year-to-date high of 88,700 yuan per ton, just shy of the historical peak of 89,120 yuan per ton, driven by positive macroeconomic sentiment [1] - Analysts suggest that copper is becoming increasingly valuable as a strategic resource amid U.S.-China competition, with current prices reflecting optimistic expectations regarding Federal Reserve interest rate cuts and improved U.S.-China relations [1] Summary by Categories Market Performance - Shanghai copper futures rose by 2.1% to 88,700 yuan per ton, while London copper reached 11,094 USD per ton, marking a 1.33% increase [1] Investment Recommendations - Analysts recommend short-term traders to move stop-loss orders to secure profits and avoid blindly chasing higher prices, while being cautious of potential pullbacks after macroeconomic gains are realized [1] - Long-term investors are advised to maintain strategic long positions and consider using options for hedging to reduce exposure and enforce strict risk management [1] Long-term Outlook - The long-term outlook for copper prices remains positive due to its strategic importance in U.S.-China relations, tight copper concentrate supply, and surging demand for green copper [1]