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铜:伦铜现货强势,支撑价格
Guo Tai Jun An Qi Huo·2025-06-18 03:11

Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The strong spot price of LME copper supports the copper price [1] 3. Summary by Relevant Catalogs a. Fundamental Tracking - Futures Data: The closing price of SHFE copper main contract was 78,380 with a daily decline of 0.22%, and the night - session closing price was 78,560 with a night - session increase of 0.23%. The closing price of LME copper 3M electronic trading was 9,670 with a daily decline of 0.26%. The trading volume and open interest of both SHFE and LME copper decreased compared with the previous day [1] - Inventory Data: The SHFE copper inventory was 54,541, an increase of 7,490 from the previous day, and the LME copper inventory was 107,550, an increase of 225. The LME copper注销仓单比 was 50.77%, a decrease of 1.71% [1] - Spread Data: The LME copper premium, spot - to - near - month futures spread, and near - month to continuous - first contract spread all increased compared with the previous day. The spread between Shanghai copper spot and LME cash, and the spread between SHFE copper continuous - third contract and LME 3M decreased [1] b. Macro and Industry News - Macro News: Trump claimed to have full control of Iran's airspace, warned of exhausting patience, and called on Iran to "unconditionally surrender", and was reported to have met with the national security team in the White House situation room and considered possible strikes against Iran [1] - Industry News: In April, the copper production of Codelco in Chile increased by 20.5% year - on - year to 114,600 tons. The western area of Kakula Mine restarted mining operations on June 7, 2025. The Condor - Teck copper project in Peru obtained environmental approval. Ivanhoe Mines revised the 2025 production target of Kamoa - Kakula Joint Mine to 370,000 - 420,000 tons of concentrate copper, a 28% reduction from the target set in January [1][3] c. Trend Intensity - The copper trend intensity is 0, indicating a neutral trend [3]