Core Viewpoint - The London Metal Exchange (LME) copper prices continue to rise, reaching a new historical high, driven by significant increases in delivery orders from Taiwan and South Korea, and structural supply-side factors [1] Group 1: Price Movement - LME copper prices increased by 2.4%, surpassing $11,400 per ton, breaking the previous day's peak [1] - The cumulative increase in copper prices for the year is approaching 30% [1] Group 2: Supply Dynamics - The largest single-day increase in delivery orders since 2013 was recorded, indicating heightened demand [1] - A significant transfer of copper inventories to the U.S. is occurring to avoid potential import tariffs, leading to shortages in other regions [1] - Multiple production disruptions in mines this year have resulted in decreased global supply elasticity [1] Group 3: Industry Impact - Rising copper prices are creating cost pressures for downstream manufacturing and construction industries [1] - Upstream mining companies are experiencing significant profit margins due to the price surge [1] Group 4: Market Focus - Market attention is shifting to upcoming U.S. economic data releases, including ADP employment, import prices, and industrial production metrics, which may influence future monetary policy expectations and copper price trends [1]
伦铜再创历史新高 LME提货订单飙升至2013年以来最高水平 亚洲需求激增
Ge Long Hui·2025-12-03 12:55