金属普涨 期铜收高，投机性上涨行情持续【1月28日LME收盘】

Core Viewpoint - The London Metal Exchange (LME) copper prices increased, while aluminum and zinc reached multi-year highs due to a decline in the US dollar, prompting speculation in industrial metals [1][3]. Group 1: Price Movements - LME three-month copper rose by $80, or 0.62%, closing at $13,086.50 per ton [1][2]. - LME three-month aluminum increased by $50, or 1.56%, reaching $3,257.00 per ton, the highest since April 2022 [2][5]. - LME three-month zinc rose by $13, or 0.39%, closing at $3,364.00 per ton, marking the highest since January 2023 [2][6]. - LME three-month lead decreased by $3, or 0.15%, closing at $2,017.00 per ton [2][7]. - LME three-month nickel increased by $101, or 0.56%, closing at $18,270.00 per ton [2][8]. - LME three-month tin surged by $1,075, or 1.96%, closing at $55,953.00 per ton, previously reaching a record high of $58,340.00 [2][9]. Group 2: Market Dynamics - The US dollar hit a four-year low, making metals priced in dollars cheaper for holders of other currencies, thus boosting demand [3]. - Analysts noted that the rise in base metals is driven by macroeconomic factors rather than the fundamentals of the metals themselves [3]. - Speculators previously invested in gold and silver are now also moving into base metals [3]. - The copper premium in China, a major metal consumer, fell to $20 per ton, the lowest in 18 months, indicating reduced import demand [4]. - Chinese producers sold copper ahead of the Lunar New Year to mitigate risks, potentially leading to tighter market liquidity and increased volatility [4]. Group 3: Forecasts and Influences - Goldman Sachs raised its forecast for the average aluminum price in the first half of the year to $3,150 per ton from a previous estimate of $2,575 per ton, citing low inventories and strong global demand from electric vehicle manufacturers and grid construction [5].