金属普跌 库存增加担忧冲抵需求乐观情绪期铜自两周高点回落【2月26日LME收盘】

Core Viewpoint - The London Metal Exchange (LME) saw a general decline in base metals prices, with copper prices retreating from a two-week high due to increased inventories and a strong US dollar, which countered positive demand recovery expectations [1] Group 1: Copper Market Analysis - LME three-month copper fell by $18, or 0.14%, closing at $13,304.50 per ton after reaching a high of $13,350 [1] - The copper premium at Yangshan, an indicator of Chinese copper import interest, rose from $33 per ton before the Spring Festival to $50 per ton [1] - LME copper inventories reached 253,600 tons, the highest level since March 2025, following an influx of 4,000 tons into US and South Korean warehouses [1] Group 2: Market Sentiment and Trends - Analysts noted that Chinese traders returned to the market quickly after the Spring Festival, contrary to typical slower returns [1] - The strong US dollar has made metals priced in dollars more expensive for investors using other currencies, contributing to price pressures [1] - Other metals on the LME generally declined, with tin being the only metal to increase, rising by $736, or 1.37%, to $54,434 per ton [2]