Group 1 - The core viewpoint of the news is that LME copper futures prices are showing a strong performance, with a current price of $12,846.5 per ton, reflecting a 0.39% increase from the opening price [1] - On January 20, LME copper futures opened at $12,933.0, reached a high of $12,988.0, and closed at $12,796.5, marking a decrease of 1.47% [2] - The registered copper warehouse receipts at LME on January 20 were 108,500 tons, with canceled receipts decreasing by 750 tons to 47,800 tons, while total copper inventory increased by 8,875 tons to 156,300 tons [2] Group 2 - On January 20, the Shanghai Futures Exchange reported copper warehouse receipts of 148,193 tons, which is a decrease of 4,462 tons compared to the previous trading day [2] - The electrolytic copper spot price ratio between Shanghai and London was 7.8, indicating an import loss of 1,447.22 yuan per ton, compared to a loss of 1,345.92 yuan per ton on the previous trading day [2]

Group 1 - The core viewpoint of the news is that LME copper futures prices are experiencing a strong fluctuation, with a current price of $12,921.5 per ton, reflecting a 0.88% increase from the opening price [1] - On January 16, LME copper futures opened at $13,096.5 per ton, reached a high of $13,183.0, and closed at $12,808.5, marking a decrease of 2.59% [2] - As of January 16, LME registered copper warrants totaled 94,000 tons, while canceled warrants decreased by 525 tons, resulting in a total copper inventory of 143,575 tons, which increased by 2,450 tons [2] Group 2 - The electrolytic copper spot price ratio between Shanghai and London was reported at 7.82, indicating an import loss of ¥1,218.18 per ton, which improved from a loss of ¥1,465.85 per ton on the previous trading day [2] - On January 16, the Shanghai Futures Exchange reported a copper futures warrant of 160,417 tons, which decreased by 2,300 tons compared to the previous trading day [2]

Group 1 - LME copper futures prices are experiencing strong fluctuations, opening at $12,534 per ton and currently at $12,643.5 per ton, with an increase of 0.68% [1] - The highest price during the day reached $12,651 per ton, while the lowest dipped to $12,487 per ton [1] Group 2 - On December 30, LME copper futures opened at $12,223.5, peaked at $12,693.5, and closed at $12,673.5, reflecting a 4.02% increase [2] - The electrolytic copper spot price ratio between Shanghai and London was reported at 7.83, with an import loss of -1,489.48 yuan per ton, compared to -1,648.0 yuan per ton the previous trading day [2] - As of December 30, LME registered copper warrants totaled 110,300 tons, with canceled warrants decreasing by 4,900 tons to 39,175 tons. Total copper inventory decreased by 5,100 tons to 149,475 tons [2] - The Shanghai Futures Exchange reported a copper futures warrant of 71,738 tons, an increase of 5,860 tons compared to the previous trading day [2]

北京时间12月22日，伦敦金属交易所(LME)铜期货价格继续上行，今日开盘报11879.5美元/吨，现报 11943.0美元/吨，涨幅0.52%，盘中最高触及11947美元/吨，最低下探11875美元/吨。 LME铜期货行情回顾： 12月19日伦敦金属交易所(LME)铜期货行情 品种 开盘价 最高价 最低价 收盘价 LME铜 11738.5 11928.0 11693.0 11870.5 1.22% 【铜市场消息速递】 12月19日，电解铜现货沪伦比值为7.86，进口盈亏：-1260.58元/吨，上一交易日进口盈亏：-1053.43元/ 吨。 美国商品期货交易委员会（CFTC）：截至12月9日当周，COMEX铜投机者将净多头头寸增加6,879手， 至71,083手。 12月19日，伦敦金属交易所：铜注册仓单103950吨。注销仓单56450吨，减少5100吨。铜库存160400 吨，减少3875吨。 ...

Core Viewpoint - The London Metal Exchange (LME) copper futures prices are experiencing fluctuations, with a current price of $10,834 per ton, reflecting a decrease of 0.17% from the opening price [1] Group 1: LME Copper Futures Market Overview - On November 14, LME copper futures opened at $10,881.5, reached a high of $10,922.0, a low of $10,755.0, and closed at $10,846.0, showing a slight decline of 0.12% [1] - The current trading range for LME copper futures is between $10,800 and $10,850.5 per ton [1] Group 2: Copper Market Data - As of November 14, the electrolytic copper spot price ratio between Shanghai and London is 7.99, with an import loss of 809.1 yuan per ton, slightly improved from a loss of 826.78 yuan per ton the previous trading day [1] - LME registered copper warrants total 126,075 tons, with 9,650 tons canceled, resulting in a net decrease of 475 tons. Total copper inventory stands at 135,725 tons, down by 450 tons [1] Group 3: Chinese Copper Concentrate Inventory - As of November 14, Mysteel reports that the inventory of imported copper concentrate at 16 Chinese ports is 740,000 tons, an increase of 48,000 tons from the previous week [1] - The inventory at seven major Chinese ports is reported at 530,000 tons, reflecting a week-on-week increase of 32,000 tons [1]

Group 1 - LME copper futures prices are experiencing high volatility, opening at $10,851 per ton and currently at $10,813 per ton, with an increase of 0.16% [1] - The highest price during the day reached $10,863.5 per ton, while the lowest dipped to $10,812 per ton [1] Group 2 - On November 10, LME copper futures opened at $10,727.5, peaked at $10,903.0, and closed at $10,874.5, reflecting a 1.68% increase [2] - The current spot price of electrolytic copper shows a ratio of 8.02, with an import loss of -585.37 yuan per ton, compared to -495.82 yuan per ton the previous trading day [2] - As of October 2025, the overall operating rate of copper strip and sheet enterprises is 64.97%, a decrease of 1.05 percentage points month-on-month and a significant drop of 7.76 percentage points year-on-year [2] - The operating rates for large, medium, and small enterprises are 71.14%, 57.72%, and 55.9% respectively [2] - On November 10, LME registered copper warrants totaled 124,550 tons, with canceled warrants at 11,725 tons, an increase of 450 tons [2] - Copper inventory stands at 136,275 tons, with an increase of 375 tons [2]

Group 1 - LME copper futures prices are experiencing weak fluctuations, opening at $10,631 per ton and currently at $10,635 per ton, with a decline of 0.27% [1] - On November 4, LME copper futures closed at $10,649 per ton, down 1.57% from the previous day [2] - The highest price during the trading session was $10,859.5 per ton, while the lowest was $10,577.5 per ton [2] Group 2 - The current spot price ratio of electrolytic copper in Shanghai to London is 8.01, indicating an import loss of -684.84 yuan per ton, improved from -871.53 yuan per ton the previous trading day [2] - Codelco, the Chilean state-owned copper company, has revised its 2025 copper production forecast to 1.31 to 1.34 million tons, down from the previous estimate of 1.34 to 1.37 million tons [2] - As of November 4, LME registered copper warrants totaled 122,975 tons, with canceled warrants at 10,925 tons, a decrease of 200 tons, while total copper inventory increased by 300 tons to 133,900 tons [2]

Core Viewpoint - The London Metal Exchange (LME) copper futures prices are showing a strong performance, with a slight increase in price observed on October 10, 2023 [1] Group 1: LME Copper Futures Performance - On October 10, 2023, LME copper futures opened at $10,829.5 per ton and are currently trading at $10,809 per ton, reflecting a 0.30% increase [1] - The intraday trading range for copper futures on October 10 saw a high of $10,833.5 per ton and a low of $10,772.5 per ton [1] Group 2: Previous Trading Day Overview - On October 9, 2023, LME copper opened at $10,652.0, reached a high of $11,000.0, a low of $10,591.0, and closed at $10,776.5, marking a 0.74% increase [2] - The electrolytic copper spot price ratio between Shanghai and London was reported at 7.98, with an import loss of ¥1,166.87 per ton on October 9, compared to a loss of ¥528.49 per ton on the previous trading day [2] - As of October 9, the Shanghai Futures Exchange reported copper futures warehouse receipts at 29,703 tons, an increase of 2,880 tons from the previous trading day [2] - LME registered copper warehouse receipts totaled 131,050 tons, with 8,425 tons canceled, reflecting an increase of 300 tons, while total copper inventory rose by 275 tons to 139,475 tons [2]

Core Viewpoint - The London Metal Exchange (LME) copper futures prices are experiencing fluctuations, with a current price of $9,969 per ton, reflecting a slight decline of 0.12% from the opening price of $10,018 per ton [1] Group 1: LME Copper Futures Performance - On September 2, LME copper futures opened at $9,896 per ton, reached a high of $10,015 per ton, a low of $9,844 per ton, and closed at $10,013.5 per ton, marking a 1.40% increase [1] - The intraday trading on September 3 saw copper prices peak at $10,038 per ton and dip to $9,965 per ton [1] Group 2: Market Indicators - The electrolytic copper spot price ratio between Shanghai and London was reported at 8.08, with an import profit and loss of 316.06 yuan per ton, up from 217.18 yuan per ton on the previous trading day [1] - The SHFE warehouse report indicated a decrease of 699 tons in copper futures warehouse receipts, bringing the total to 19,501 tons, with all reductions occurring in Guangdong warehouses, while Shanghai and Jiangsu remained unchanged [1] Group 3: LME Copper Inventory - As of September 2, LME registered copper warehouse receipts totaled 145,700 tons, with canceled receipts at 13,075 tons, reflecting a decrease of 100 tons [1] - The total copper inventory at LME was reported at 158,775 tons, also showing a reduction of 100 tons [1]

Group 1 - LME copper futures prices experienced a significant increase, opening at $9,896 per ton and currently trading at $9,922.5 per ton, reflecting a rise of 0.48% [1] - The intraday trading range for copper futures saw a high of $9,942 per ton and a low of $9,888 per ton [1] - On September 1, LME copper futures closed at $9,875 per ton, down by 0.31% from the previous day [2] Group 2 - The electrolytic copper spot price ratio between Shanghai and London was reported at 8.06, indicating an import profit and loss of 217.18 yuan per ton, down from 272.08 yuan per ton the previous trading day [2] - As of September 1, the Shanghai Futures Exchange reported copper futures warehouse receipts at 20,200 tons, a decrease of 1,212 tons compared to the previous trading day [2] - LME registered copper warehouse receipts totaled 145,700 tons, with canceled receipts at 13,175 tons, an increase of 125 tons, while total copper inventory decreased by 25 tons to 158,875 tons [2]