Group 1 - LME copper prices fell from record highs due to cautious comments from the Federal Reserve regarding interest rate cuts and concerns over demand [1][4] - On October 30, LME three-month copper dropped by $266.5, or 2.38%, closing at $10,917.0 per ton, after reaching a record high of $11,200 due to supply concerns [1][2] - The Shanghai Futures Exchange's most actively traded copper contract decreased by 0.1% to 87,960 yuan per ton, indicating a shift from a premium to a discount in the Chinese spot market [4] Group 2 - Major copper producers reported a decline in copper output in the first nine months of the year, leading analysts to raise their price expectations for next year [4] - Chile's copper production in September fell by 4.5% year-on-year to 456,663 tons, highlighting supply challenges [4] - Goldman Sachs indicated that the current copper market fundamentals suggest prices will stabilize towards the upper end of the $10,000 to $11,000 per ton range, with any significant breakout unlikely to be sustained [5]
金属均下行 期铜收跌，受美联储降息谨慎态度拖累【10月30日LME收盘】
Wen Hua Cai Jing·2025-10-31 00:38