伦铜价格高位偏弱震荡 10月28日LME铜库存减少1400吨

Core Viewpoint - LME copper futures prices are experiencing weak fluctuations at high levels, with a slight decline observed in recent trading sessions [1][2]. Group 1: Market Performance - On October 29, LME copper futures opened at $11,023.5 per ton and are currently at $11,001.5 per ton, reflecting a decrease of 0.34%. The intraday high reached $11,057.5 per ton, while the low was $10,994.5 per ton [1]. - On October 28, LME copper futures had an opening price of $10,974.0, a high of $11,050.5, a low of $10,859.0, and a closing price of $11,030.5, marking a change of 0.24% [2]. Group 2: Supply and Inventory - As of October 28, the registered copper warrants at LME totaled 123,400 tons, with canceled warrants at 11,175 tons, an increase of 1,200 tons. The total copper inventory stands at 134,575 tons, which has decreased by 1,400 tons [2]. - The current import loss for electrolytic copper is reported at -764.82 yuan per ton, compared to -785.85 yuan per ton from the previous trading day [2]. Group 3: Production Outlook - Anglo American's copper production is expected to remain stable at 183,500 tons in the third quarter of 2025 [2].