Group 1 - The domestic futures market for non-ferrous metals showed mixed performance, with copper futures exhibiting strength, closing at 93,130.00 yuan/ton, up 1.71% [1] - The potential appointment of Kevin Hassett as the new Federal Reserve Chairman may accelerate the interest rate cut process, driven by dovish policy expectations, which could support rising non-ferrous metal prices [2] - Tightening supply of copper concentrate continues, with smelting profits at breakeven levels; despite a month-on-month decline in smelting output, overall growth remains high [2] Group 2 - As of December 5, copper registered warehouse receipts on the Shanghai Futures Exchange decreased by 1,203 tons to 30,936 tons, while Shanghai copper inventory fell by 9,025 tons to 88,905 tons [2] - LME copper registered warehouse receipts increased by 200 tons to 98,700 tons, while LME copper inventory decreased by 275 tons to 162,550 tons [2] - Market sentiment and inventory flow are expected to dominate prices in the short term, with copper prices likely to maintain high volatility; caution is advised regarding potential corrections following sentiment declines [2]
短期市场情绪主导价格 预计铜价将维持高位震荡
Jin Tou Wang·2025-12-08 06:01