Core Viewpoint - LME copper prices have retreated from record highs as market participants focus on the upcoming Federal Reserve interest rate decision and tightening supply outlook [1] Group 1: Copper Market Overview - The Shanghai copper main contract fell by 0.58% to 91,900 yuan per ton, while three-month copper dropped by 0.54% to $11,572.50 per ton [1] - Year-to-date, Shanghai copper has increased by 25%, and London copper has risen over 30% [1] - Analysts from Sucden Financial expect copper prices to experience significant increases followed by minor corrections due to limited selling interest at current levels [1] Group 2: Supply and Demand Factors - Concerns about supply persist due to mine disruptions and increasing copper inventories flowing into the U.S. [1] - Comex copper inventories rose to 439,510 short tons on Monday [1] - Morgan Stanley forecasts strong growth in demand for energy storage systems and data centers will support copper prices, predicting an average price of $12,780 per ton next year [1] Group 3: Other Base Metals - Other base metals saw varied performance: three-month aluminum fell by 0.54%, zinc by 0.42%, lead by 0.10%, while nickel rose by 0.24%, and tin remained largely unchanged [1]
铜价自纪录高位回撤 市场静候FED利率决议
Wen Hua Cai Jing·2025-12-09 03:59