Group 1 - LME copper prices rebounded on February 3 after two consecutive days of decline, supported by supply concerns and demand outlook [1] - The most active March copper contract on the Shanghai Futures Exchange rose by 2.60% to 104,500 yuan per ton, while LME three-month copper increased by 3.92% to 13,397 USD per ton [1] - Despite a significant drop in copper prices in the previous days, the fundamental logic for copper prices remains solid, with strong demand from electrification and AI data centers [1] Group 2 - Other base metals on the Shanghai Futures Exchange saw declines, with aluminum down 0.96% to 23,810 yuan per ton, zinc down 0.79% to 24,960 yuan per ton, lead down 0.98% to 16,640 yuan per ton, and nickel down 1.25% to 134,830 yuan per ton [2] - In contrast, LME metals showed mixed performance, with three-month aluminum up 1.19% to 3,092.50 USD per ton, zinc up 0.65% to 3,345 USD, lead up 0.64% to 1,975.50 USD, nickel up 3.14% to 17,355 USD, and tin up 4.96% to 48,900 USD [2]
LME期铜止跌回升，供应担忧与需求前景施以支撑
Wen Hua Cai Jing·2026-02-03 09:07