Core Insights - LME copper prices reached a one-week high due to ongoing inventory outflows to the US [1][4] - The three-month copper contract rose by $45, or 0.42%, closing at $10,818 per ton [1][2] - LME copper inventory has decreased by 42% this year, contributing to a tight market [4] Price Movements - Three-month copper: $10,818.00, up $45.00 (0.42%) [2] - Three-month aluminum: $2,800.50, down $11.50 (-0.41%) [2] - Three-month zinc: $2,993.00, down $7.00 (-0.23%) [2] - Three-month lead: $1,980.50, down $3.50 (-0.18%) [2] - Three-month nickel: $14,872.00, up $173.00 (1.18%) [2] - Three-month tin: $37,547.00, up $163.00 (0.44%) [2] Market Dynamics - The outflow of copper inventory to COMEX has created a supply squeeze, raising concerns about potential US import tariffs [4] - The LME spot copper contract premium over the three-month forward rose to $25 per ton, the highest since mid-October [4] - The Yangshan copper premium, an indicator of Chinese copper import demand, fell by 6% to $32, a four-month low [4] Technical Analysis - LME copper has broken through the 21-day moving average resistance, which is now at $10,828 per ton [5] - Copper prices previously reached a historical high of $11,200 per ton due to supply concerns from the Grasberg mine [5] - Other LME metals showed mixed performance, with lead hitting a low not seen since October 20 [5]
期铜升至逾一周高位，受库存持续外流至美国支撑【11月25日LME收盘】
Wen Hua Cai Jing·2025-11-26 00:42