Group 1 - The core sentiment in the market is optimistic due to the U.S. Supreme Court ruling that deemed the Trump administration's large-scale tariff policy illegal, which has positively influenced demand for industrial metals [1][3]. - LME three-month copper prices rose by $156, or 1.18%, closing at $13,322.50 per ton, reaching a two-week high of $13,335 earlier in the day [1][2]. - Other base metals also saw gains, with three-month aluminum up by $77 (2.49%), three-month lead up by $35.50 (1.82%), and three-month tin increasing by $3,398 (6.76%) [2]. Group 2 - The Supreme Court's ruling has replaced higher reciprocal tariffs with a lower Section 122 tax rate of approximately 10%, which has reignited interest in industrial metals, particularly after the end of the Chinese Lunar New Year holiday [3]. - LME copper inventories increased by 6,475 tons to 249,650 tons, the highest level since March 7, marking an 80% rise since January 9 [3]. - Combined copper inventories across LME, SHFE, and COMEX have exceeded one million tons for the first time in over 20 years [4].
基本金属全线上涨，乐观需求预期提振期铜触及两周高点【2月25日LME收盘】
Wen Hua Cai Jing·2026-02-26 00:45