Group 1: Gold Market - The World Gold Council (WGC) forecasts that gold prices may rise by 15% to 30% by 2026, driven by declining U.S. Treasury yields, heightened geopolitical risks, and increased demand for safe-haven assets [2] Group 2: Copper Market - Mercuria plans to withdraw a significant amount of copper from LME's Asian warehouses, with a record increase in copper withdrawal applications of 50,575 tons, reaching a total of 56,875 tons, which constitutes 35% of LME's total inventory [4] - The supply tightness in copper is exacerbated by mine disruptions in Indonesia and Chile, leading to historically low copper inventories in LME-certified warehouses, which has contributed to recent price increases [4] - Recent predictions from Mercuria's executives indicate a bullish outlook for copper prices, suggesting that the surge in shipments to the U.S. may deplete global inventories, further driving prices up [4] Group 3: Labor Market - The U.S. Department of Labor reported that initial jobless claims fell by 27,000 to 191,000, the lowest level since September 2022, which is below market expectations of 220,000 [6] - The labor market remains in a "no layoffs, no hiring" state, with the upcoming non-farm payroll report delayed due to a government shutdown [6] Group 4: Pulp Market - Pulp futures prices have rebounded for three consecutive trading days, with a recent increase of 5.73%, driven by supply disruptions from overseas pulp mills [8][9] - Domtar announced the permanent closure of its Crofton mill, reducing annual NBSK pulp production by approximately 380,000 tons, while other mills are also considering temporary shutdowns due to market conditions [8] - Despite the rebound in pulp prices, analysts suggest that the fundamental market conditions have not significantly changed, and high inventory levels may continue to pressure prices [11]
摩科瑞被曝大举提货 铜市神经紧绷！海外减停产频发 纸浆期价“三连涨”！
Qi Huo Ri Bao·2025-12-05 00:30