Group 1: Copper Market Overview - Copper prices increased as Chinese traders returned to the market after the Spring Festival holiday, with a rise of 1.31% to 102,100 yuan per ton on the Shanghai Futures Exchange (SHFE) [1] - The London Metal Exchange (LME) reported a 1.93% increase in three-month copper prices, reaching $13,117.50 per ton, with copper inventories at LME warehouses rising to 241,825 tons, the highest level since March of the previous year [2] - The uncertainty surrounding U.S. tariffs continues to impact copper prices, as President Trump announced plans to raise the import tariff on global goods from 10% to 15% [2][3] Group 2: Tariff Implications - The U.S. government is considering new tariffs on approximately six industries under the justification of "national security," which may include large batteries, iron castings, and telecommunications equipment [3] - Analysts from ING noted that the decision to raise tariffs could reduce direct risks to global trade flows and industrial demand, potentially leading to higher metal prices, although the upside may remain limited due to existing tariffs [3] Group 3: Other Metals Performance - Nickel prices also saw an increase, with SHFE's main nickel contract rising by 1.77% to 138,590 yuan per ton, and LME's three-month nickel jumping 2.56% to $17,725 per ton [4] - Other base metals on the SHFE experienced gains, including aluminum (up 1.07% to 23,625 yuan per ton), zinc (up 1.1% to 24,715 yuan per ton), lead (up 0.36% to 16,760 yuan per ton), and tin (up 1.63% to 386,990 yuan per ton) [4] - LME reported increases in other metals as well, with three-month aluminum up 0.74% to $3,112.5 per ton, zinc up 1.74% to $3,413 per ton, lead up 0.77% to $1,966 per ton, and tin soaring 2.74% to $49,025 per ton [4]
铜价攀升,中国市场节后恢复交易
Wen Hua Cai Jing·2026-02-24 06:27