Group 1 - The core viewpoint of the article highlights the impact of the US November CPI returning to the "2 era," which supports a rebound in the US dollar and leads to a decline in copper prices by 0.13% [1] - Domestic stock indices are declining, affecting market sentiment, despite tight supply conditions; however, the current copper market is experiencing deep discounts and weak transactions, indicating a potential drop in spot copper prices [1] - The aluminum market shows resilience in consumption from sectors like automotive and electronics, with a low inventory of aluminum ingots, leading to a 0.38% increase in London aluminum prices [1] Group 2 - Zinc prices fell by 0.44% in London due to poor US inflation data and traders reducing positions ahead of Christmas, although tight supply and declining zinc ingot inventories provide some support [1] - Lead prices decreased by 0.05% in London, pressured by a rebound in the US dollar; the lead market is facing structural contraction, but demand remains weak, leading to subdued transactions [1] - Tin prices increased by 1.53% in London, driven by concerns over supply due to geopolitical disturbances, although trading remains quiet due to high spot prices [1] - Nickel prices rose by 1.84% in London, supported by expectations of interest rate cuts following disappointing US CPI data, despite ongoing oversupply pressures [1]

【汇金趋势掌乾坤，每日思路见真章】 周二黄金走出过山车，压盘弱势回撤4170随后再次拉升，多空虽然强势但不延续，所以整体还是属于震荡洗盘阶段。昨日白银大涨刷新高连带着黄金上涨， 市场对美联储降息的预期持续发酵，吸引逢低买入支撑金价，不过周二公布的美国职位空缺数据表现向好，美指延续反弹，美债收益率刷新三个月高点，黄 金多头有所顾忌，没出现大涨。 凌晨有利率决议，数据前可能继续震荡洗盘，主多辅空即可。下方支撑先关注4190附近，接近不破短多。其次4170，4163也是不错多的位置。上方压制短期 关注4230，进一步关注4245，4565关口得失。短期分水在4200-4205附近，如果行情走强会在这里先上去。上述分析在数据前有效，数据来临后再做实时跟 进。市场一度看好美联储利率决议降息利涨黄金，但同时我们也要注意利好兑现，出现冲高回落暴跌的情况。 昨日实战多空四连胜封神收尾!4195空最低触及4170后开启反弹，早盘公开提到反弹4200空，回落4175支撑多。行情多空精准兑现，思路全部公开可查！包 括美盘4198多，4190轻仓加仓多都有不错的收获。 投资有风险，入行需谨慎 | 12月1日間 | 黄金 | Fri ...

Report Industry Investment Rating - Not provided Core View of the Report - The recent rebound of the US dollar index suppresses the upward space of copper prices. If the 50% tariff on copper starts on August 1st, the subsequent arbitrage channel will close, export demand will sharply decrease, and inventory will start to accumulate, with the market trend being bearish. Currently, the market is mainly volatile as there are many uncertainties regarding the copper tariff [1]. Summary by Relevant Catalogs Strategy Analysis - The copper market opened high and weakened during the day. The issue of the Fed's interest - rate cut remains uncertain, and the proposed tariff on copper may extend the Fed's wait - and - see period. As of July 4, 2025, the spot smelting fee is - 43.31 dollars per dry ton, and the spot refining fee is - 4.31 cents per pound. The expected supply shortage may improve. As of May 2025, the apparent consumption of electrolytic copper was 1363500 tons, a month - on - month increase of 80800 tons (+6.30%). July is expected to be a seasonal consumption off - season [1]. Futures and Spot Market Quotes - Futures: The Shanghai copper futures opened high and weakened during the day, closing at 78700. The long positions of the top 20 were 118651 lots, an increase of 2530 lots; the short positions were 115777 lots, a decrease of 3320 lots. Spot: The spot premium in East China was - 40 yuan per ton, and in South China was - 30 yuan per ton. On July 10, 2025, the LME official price was 9742 dollars per ton, and the spot premium was 10 dollars per ton [4]. Supply Side - As of July 4, the spot smelting fee (TC) was - 43.31 dollars per dry ton, and the spot refining fee (RC) was - 4.31 cents per pound [6]. Fundamental Tracking - Inventory: SHFE copper inventory was 23300 tons, a decrease of 9478 tons from the previous period. As of July 10, the copper inventory in the Shanghai Free Trade Zone was 67100 tons, an increase of 2000 tons from the previous period. LME copper inventory was 108700 tons, a slight increase of 625 tons from the previous period. COMEX copper inventory was 231100 short tons, an increase of 7736 short tons from the previous period [9].

黄金趋势分析中 黄金过山车式震荡！美指反弹收涨能否延续势头？金价受风波影响后期何时企稳？TTPS团队正在直播 分析中，立即进入观看！ 相关链接 ...